Diversify Wealth Management LLC Invests $646,000 in Schwab U.S. TIPS ETF $SCHP

Diversify Wealth Management LLC bought a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,307 shares of the company’s stock, valued at approximately $646,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. raised its stake in shares of Schwab U.S. TIPS ETF by 4.5% in the third quarter. Assetmark Inc. now owns 2,045,996 shares of the company’s stock worth $55,140,000 after purchasing an additional 88,125 shares during the last quarter. Cambridge Capital Management LLC lifted its holdings in shares of Schwab U.S. TIPS ETF by 8.3% during the third quarter. Cambridge Capital Management LLC now owns 261,068 shares of the company’s stock worth $7,036,000 after purchasing an additional 20,043 shares during the period. Clearstead Advisors LLC boosted its position in Schwab U.S. TIPS ETF by 34,125.7% in the third quarter. Clearstead Advisors LLC now owns 101,308 shares of the company’s stock valued at $2,730,000 after buying an additional 101,012 shares during the last quarter. CENTRAL TRUST Co increased its holdings in Schwab U.S. TIPS ETF by 14.1% in the 3rd quarter. CENTRAL TRUST Co now owns 7,312,983 shares of the company’s stock worth $197,085,000 after buying an additional 901,499 shares during the period. Finally, Dorato Capital Management acquired a new position in Schwab U.S. TIPS ETF in the 4th quarter worth approximately $6,700,000.

Schwab U.S. TIPS ETF Price Performance

SCHP opened at $26.86 on Monday. Schwab U.S. TIPS ETF has a 12-month low of $26.20 and a 12-month high of $27.19. The firm has a 50 day moving average of $26.76 and a two-hundred day moving average of $26.74.

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.