Maltin Wealth Management Inc. Increases Stake in Schwab U.S. TIPS ETF $SCHP

Maltin Wealth Management Inc. boosted its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,523 shares of the company’s stock after acquiring an additional 3,798 shares during the period. Maltin Wealth Management Inc.’s holdings in Schwab U.S. TIPS ETF were worth $2,388,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Mogy Joel R Investment Counsel Inc. acquired a new stake in shares of Schwab U.S. TIPS ETF in the second quarter valued at approximately $32,000. Bessemer Group Inc. purchased a new stake in Schwab U.S. TIPS ETF in the 2nd quarter valued at $32,000. Hantz Financial Services Inc. acquired a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter worth $35,000. Bogart Wealth LLC increased its stake in shares of Schwab U.S. TIPS ETF by 64.1% in the 2nd quarter. Bogart Wealth LLC now owns 1,411 shares of the company’s stock worth $38,000 after acquiring an additional 551 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Schwab U.S. TIPS ETF during the 1st quarter worth $41,000.

Schwab U.S. TIPS ETF Price Performance

Shares of SCHP opened at $26.81 on Friday. Schwab U.S. TIPS ETF has a 12-month low of $25.68 and a 12-month high of $27.19. The firm has a 50-day moving average price of $26.97 and a 200 day moving average price of $26.69.

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.