Peak Financial Management Inc. Acquires 19,702 Shares of Schwab U.S. TIPS ETF $SCHP

Peak Financial Management Inc. boosted its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 5.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 351,526 shares of the company’s stock after acquiring an additional 19,702 shares during the period. Schwab U.S. TIPS ETF accounts for about 2.4% of Peak Financial Management Inc.’s investment portfolio, making the stock its 18th largest holding. Peak Financial Management Inc. owned about 0.06% of Schwab U.S. TIPS ETF worth $9,354,000 as of its most recent SEC filing.

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

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA:SCHP opened at $26.29 on Friday. The stock has a fifty day simple moving average of $26.63 and a two-hundred day simple moving average of $26.66. Schwab U.S. TIPS ETF has a 12-month low of $26.23 and a 12-month 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.