Northeast Financial Group Inc. grew its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 186.1% in the first quarter, Holdings Channel reports. The fund owned 379,803 shares of the company’s stock after acquiring an additional 247,047 shares during the quarter. Schwab U.S. TIPS ETF accounts for 2.5% of Northeast Financial Group Inc.’s portfolio, making the stock its 13th largest holding. Northeast Financial Group Inc.’s holdings in Schwab U.S. TIPS ETF were worth $10,107,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Archer Investment Corp increased its holdings in Schwab U.S. TIPS ETF by 212.2% in the 1st quarter. Archer Investment Corp now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 660 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of Schwab U.S. TIPS ETF during the fourth quarter worth about $29,000. Ameritas Investment Partners Inc. grew its holdings in shares of Schwab U.S. TIPS ETF by 83.9% during the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock worth $32,000 after purchasing an additional 547 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of Schwab U.S. TIPS ETF by 69.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock valued at $35,000 after buying an additional 541 shares during the period. Finally, LGT Financial Advisors LLC bought a new position in Schwab U.S. TIPS ETF in the 3rd quarter valued at approximately $49,000.
Schwab U.S. TIPS ETF Stock Performance
NYSEARCA:SCHP opened at $26.09 on Monday. The firm’s 50 day simple moving average is $26.44 and its 200 day simple moving average is $26.62. Schwab U.S. TIPS ETF has a one year low of $26.06 and a one year high of $27.19.
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.
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Want to see what other hedge funds are holding SCHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report).
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