David Wealth Management LLC Acquires Shares of 9,612 Schwab U.S. TIPS ETF $SCHP

David Wealth Management LLC bought a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the second quarter, HoldingsChannel reports. The institutional investor bought 9,612 shares of the company’s stock, valued at approximately $256,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. NBC Securities Inc. boosted its holdings in shares of Schwab U.S. TIPS ETF by 115,900.0% during the first quarter. NBC Securities Inc. now owns 1,160 shares of the company’s stock worth $31,000 after acquiring an additional 1,159 shares during the period. Mogy Joel R Investment Counsel Inc. acquired a new stake in Schwab U.S. TIPS ETF during the 2nd quarter worth approximately $32,000. Abound Wealth Management bought a new stake in Schwab U.S. TIPS ETF in the 1st quarter valued at $36,000. Center for Financial Planning Inc. bought a new stake in Schwab U.S. TIPS ETF in the 1st quarter valued at $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in Schwab U.S. TIPS ETF in the 1st quarter valued at $41,000.

Schwab U.S. TIPS ETF Trading Down 0.1%

SCHP stock opened at $26.87 on Monday. Schwab U.S. TIPS ETF has a fifty-two week low of $25.68 and a fifty-two week high of $27.19. The business’s fifty day moving average price is $26.85 and its two-hundred day moving average price is $26.62.

Schwab U.S. TIPS ETF Company Profile

The Schwab U.S. TIPS ETF (SCHP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value weighted index of US Treasury inflation-protected securities with at least one year remaining in maturity. SCHP was launched on Aug 5, 2010 and is managed by Charles Schwab.