Schwab U.S. TIPS ETF $SCHP Shares Acquired by Ballast Advisors LLC

Ballast Advisors LLC grew its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 11.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,155 shares of the company’s stock after buying an additional 623 shares during the period. Ballast Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $164,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in Schwab U.S. TIPS ETF by 1,240.8% during the 1st quarter. JPMorgan Chase & Co. now owns 17,556,656 shares of the company’s stock worth $472,102,000 after purchasing an additional 16,247,258 shares during the period. Wealthfront Advisers LLC grew its stake in shares of Schwab U.S. TIPS ETF by 26.9% during the 1st quarter. Wealthfront Advisers LLC now owns 28,220,930 shares of the company’s stock worth $758,861,000 after purchasing an additional 5,986,682 shares during the period. Empower Advisory Group LLC grew its stake in shares of Schwab U.S. TIPS ETF by 6.2% during the 1st quarter. Empower Advisory Group LLC now owns 40,669,805 shares of the company’s stock worth $1,093,611,000 after purchasing an additional 2,368,720 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of Schwab U.S. TIPS ETF during the 2nd quarter worth $28,606,000. Finally, Municipal Employees Retirement System of Michigan grew its stake in Schwab U.S. TIPS ETF by 5.4% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 16,401,227 shares of the company’s stock valued at $441,029,000 after acquiring an additional 835,548 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA SCHP opened at $27.08 on Friday. Schwab U.S. TIPS ETF has a 52 week low of $25.68 and a 52 week high of $27.19. The company’s 50-day moving average price is $26.95 and its 200 day moving average price is $26.65.

About Schwab U.S. TIPS ETF

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.