Royal Bank of Canada Buys 24,909 Shares of Schwab U.S. TIPS ETF $SCHP

Royal Bank of Canada increased its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 13.7% during the first quarter, HoldingsChannel.com reports. The fund owned 207,312 shares of the company’s stock after purchasing an additional 24,909 shares during the period. Royal Bank of Canada’s holdings in Schwab U.S. TIPS ETF were worth $5,516,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SCHP. Quantinno Capital Management LP boosted its position in Schwab U.S. TIPS ETF by 27.4% during the first quarter. Quantinno Capital Management LP now owns 10,626 shares of the company’s stock worth $283,000 after purchasing an additional 2,287 shares during the period. Northeast Financial Group Inc. raised its position in shares of Schwab U.S. TIPS ETF by 186.1% in the first quarter. Northeast Financial Group Inc. now owns 379,803 shares of the company’s stock valued at $10,107,000 after purchasing an additional 247,047 shares during the period. Gateway Wealth Partners LLC raised its position in shares of Schwab U.S. TIPS ETF by 202.0% in the first quarter. Gateway Wealth Partners LLC now owns 23,663 shares of the company’s stock valued at $630,000 after purchasing an additional 15,827 shares during the period. Asset Management Group Inc. raised its position in shares of Schwab U.S. TIPS ETF by 8.4% in the first quarter. Asset Management Group Inc. now owns 618,527 shares of the company’s stock valued at $16,459,000 after purchasing an additional 48,037 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Schwab U.S. TIPS ETF in the first quarter worth $12,637,000.

Schwab U.S. TIPS ETF Stock Up 0.0%

NYSEARCA SCHP opened at $25.91 on Thursday. The company has a fifty day simple moving average of $26.26 and a 200 day simple moving average of $26.57. Schwab U.S. TIPS ETF has a 1 year low of $25.87 and a 1 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.