Schwab U.S. TIPS ETF $SCHP Shares Purchased by Riverpoint Wealth Management Holdings LLC

Riverpoint Wealth Management Holdings LLC increased its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 12.1% in the first quarter, HoldingsChannel.com reports. The firm owned 270,587 shares of the company’s stock after acquiring an additional 29,181 shares during the quarter. Schwab U.S. TIPS ETF comprises 1.5% of Riverpoint Wealth Management Holdings LLC’s holdings, making the stock its 13th largest position. Riverpoint Wealth Management Holdings LLC’s holdings in Schwab U.S. TIPS ETF were worth $7,200,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Brighton Jones LLC lifted its holdings in Schwab U.S. TIPS ETF by 211.4% during the 4th quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock worth $541,000 after buying an additional 14,212 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Schwab U.S. TIPS ETF by 180.7% during the 1st quarter. AQR Capital Management LLC now owns 76,197 shares of the company’s stock worth $2,049,000 after acquiring an additional 49,056 shares in the last quarter. State Street Corp increased its holdings in shares of Schwab U.S. TIPS ETF by 3.0% in the 2nd quarter. State Street Corp now owns 2,599,691 shares of the company’s stock valued at $69,360,000 after acquiring an additional 76,212 shares during the last quarter. Main Street Financial Solutions LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 25.5% in the 2nd quarter. Main Street Financial Solutions LLC now owns 11,390 shares of the company’s stock valued at $304,000 after acquiring an additional 2,312 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Schwab U.S. TIPS ETF by 2.9% in the 2nd quarter. Alliancebernstein L.P. now owns 7,833,720 shares of the company’s stock valued at $209,004,000 after acquiring an additional 223,281 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA SCHP opened at $26.18 on Tuesday. The stock’s 50-day simple moving average is $26.55 and its 200-day simple moving average is $26.64. Schwab U.S. TIPS ETF has a fifty-two week low of $26.14 and a fifty-two week high of $27.19.

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.