50,000 Schwab U.S. TIPS ETF $SCHP Shares Acquired by Islay Capital Management LLC

Islay Capital Management LLC grew its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 178.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,000 shares of the company’s stock after purchasing an additional 50,000 shares during the period. Islay Capital Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $1,960,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lincoln National Corp increased its stake in Schwab U.S. TIPS ETF by 180.0% during the 1st quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock valued at $237,038,000 after purchasing an additional 5,726,082 shares in the last quarter. Baldwin Wealth Partners LLC MA purchased a new stake in Schwab U.S. TIPS ETF during the 3rd quarter valued at about $39,649,000. Pictet Asset Management Holding SA raised its stake in shares of Schwab U.S. TIPS ETF by 1,764.9% in the first quarter. Pictet Asset Management Holding SA now owns 1,267,000 shares of the company’s stock worth $33,715,000 after purchasing an additional 1,199,060 shares during the last quarter. Avior Wealth Management LLC acquired a new stake in shares of Schwab U.S. TIPS ETF during the third quarter worth about $27,214,000. Finally, Assetmark Inc. boosted its holdings in shares of Schwab U.S. TIPS ETF by 39.1% in the 1st quarter. Assetmark Inc. now owns 2,687,120 shares of the company’s stock valued at $71,504,000 after acquiring an additional 755,117 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

SCHP traded up $0.01 during midday trading on Tuesday, hitting $25.39. 1,724,884 shares of the company were exchanged, compared to its average volume of 4,805,259. The company’s 50 day simple moving average is $25.59 and its 200 day simple moving average is $26.18. Schwab U.S. TIPS ETF has a 1-year low of $25.01 and a 1-year high of $27.15.

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.