Proffitt & Goodson Inc. Increases Stock Holdings in Schwab U.S. TIPS ETF $SCHP

Proffitt & Goodson Inc. lifted its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 1.2% during the second quarter, Holdings Channel reports. The fund owned 522,362 shares of the company’s stock after purchasing an additional 6,337 shares during the quarter. Schwab U.S. TIPS ETF comprises 2.1% of Proffitt & Goodson Inc.’s portfolio, making the stock its 12th biggest holding. Proffitt & Goodson Inc.’s holdings in Schwab U.S. TIPS ETF were worth $13,937,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. SGL Investment Advisors Inc. boosted its stake in shares of Schwab U.S. TIPS ETF by 11.7% during the second quarter. SGL Investment Advisors Inc. now owns 18,494 shares of the company’s stock valued at $490,000 after acquiring an additional 1,936 shares during the last quarter. Litman Gregory Wealth Management LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 2.6% during the second quarter. Litman Gregory Wealth Management LLC now owns 83,000 shares of the company’s stock valued at $2,214,000 after acquiring an additional 2,121 shares during the last quarter. Inlight Wealth Management LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 28.9% during the second quarter. Inlight Wealth Management LLC now owns 7,978 shares of the company’s stock valued at $213,000 after acquiring an additional 1,789 shares during the last quarter. Red Tortoise LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 0.4% during the second quarter. Red Tortoise LLC now owns 124,076 shares of the company’s stock valued at $3,310,000 after acquiring an additional 540 shares during the last quarter. Finally, Sage Financial Group Inc. boosted its stake in shares of Schwab U.S. TIPS ETF by 6.8% during the second quarter. Sage Financial Group Inc. now owns 596,547 shares of the company’s stock valued at $15,916,000 after acquiring an additional 37,848 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Up 0.2%

SCHP opened at $26.89 on Wednesday. Schwab U.S. TIPS ETF has a 52 week low of $25.68 and a 52 week high of $27.19. The business’s fifty day simple moving average is $26.86 and its 200 day simple moving average is $26.62.

Schwab U.S. TIPS ETF 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.