Assetmark Inc. Raises Holdings in Schwab U.S. TIPS ETF $SCHP

Assetmark Inc. grew its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 39.1% in the first quarter, Holdings Channel reports. The firm owned 2,687,120 shares of the company’s stock after buying an additional 755,117 shares during the quarter. Assetmark Inc.’s holdings in Schwab U.S. TIPS ETF were worth $71,504,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Pine Haven Investment Counsel Inc lifted its holdings in shares of Schwab U.S. TIPS ETF by 0.9% during the fourth quarter. Pine Haven Investment Counsel Inc now owns 42,192 shares of the company’s stock valued at $1,118,000 after purchasing an additional 390 shares in the last quarter. Fortis Capital Management LLC grew its stake in shares of Schwab U.S. TIPS ETF by 1.3% in the fourth quarter. Fortis Capital Management LLC now owns 30,765 shares of the company’s stock worth $815,000 after acquiring an additional 390 shares during the period. Cape Investment Advisory Inc. grew its stake in shares of Schwab U.S. TIPS ETF by 21.2% in the third quarter. Cape Investment Advisory Inc. now owns 2,356 shares of the company’s stock worth $63,000 after acquiring an additional 412 shares during the period. Arta Finance Wealth Management LLC raised its holdings in shares of Schwab U.S. TIPS ETF by 1.8% during the first quarter. Arta Finance Wealth Management LLC now owns 27,080 shares of the company’s stock valued at $720,000 after purchasing an additional 474 shares during the last quarter. Finally, WJ Financial Advisors LLC raised its holdings in shares of Schwab U.S. TIPS ETF by 3.9% during the first quarter. WJ Financial Advisors LLC now owns 13,015 shares of the company’s stock valued at $346,000 after purchasing an additional 486 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of Schwab U.S. TIPS ETF stock opened at $26.26 on Friday. Schwab U.S. TIPS ETF has a twelve month low of $26.14 and a twelve month high of $27.19. The company’s 50 day moving average is $26.50 and its 200 day moving average is $26.63.

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.