Prentice Wealth Management LLC Purchases 50,975 Shares of Schwab U.S. TIPS ETF $SCHP

Prentice Wealth Management LLC increased its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,122,609 shares of the company’s stock after purchasing an additional 50,975 shares during the quarter. Schwab U.S. TIPS ETF makes up 5.7% of Prentice Wealth Management LLC’s holdings, making the stock its 4th largest position. Prentice Wealth Management LLC owned about 0.18% of Schwab U.S. TIPS ETF worth $28,211,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SCHP. Sei Investments Co. lifted its stake in Schwab U.S. TIPS ETF by 5.3% in the 1st quarter. Sei Investments Co. now owns 12,955,292 shares of the company’s stock valued at $344,741,000 after purchasing an additional 646,415 shares during the last quarter. Lincoln National Corp increased its position in Schwab U.S. TIPS ETF by 180.0% during the first quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock worth $237,038,000 after buying an additional 5,726,082 shares during the last quarter. CENTRAL TRUST Co increased its position in Schwab U.S. TIPS ETF by 5.5% during the first quarter. CENTRAL TRUST Co now owns 8,055,215 shares of the company’s stock worth $214,349,000 after buying an additional 421,678 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Schwab U.S. TIPS ETF by 5.0% in the second quarter. Envestnet Asset Management Inc. now owns 6,295,573 shares of the company’s stock valued at $166,833,000 after buying an additional 300,734 shares during the period. Finally, Alesco Advisors LLC An ESL Co raised its stake in Schwab U.S. TIPS ETF by 2.8% in the first quarter. Alesco Advisors LLC An ESL Co now owns 6,121,252 shares of the company’s stock valued at $162,887,000 after buying an additional 164,878 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP traded up $0.04 during mid-day trading on Tuesday, reaching $25.41. The company’s stock had a trading volume of 1,799,376 shares, compared to its average volume of 4,805,883. Schwab U.S. TIPS ETF has a 1-year low of $25.01 and a 1-year high of $27.15. The business has a 50-day simple moving average of $25.59 and a two-hundred day simple moving average of $26.18.

Schwab U.S. TIPS ETF 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.