FDx Advisors Inc. purchased a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 490,265 shares of the company’s stock, valued at approximately $12,320,000. Schwab U.S. TIPS ETF accounts for 3.9% of FDx Advisors Inc.’s portfolio, making the stock its 5th largest holding.
Several other hedge funds have also recently made changes to their positions in SCHP. Riverpoint Wealth Management Holdings LLC grew its holdings in Schwab U.S. TIPS ETF by 9.4% in the third quarter. Riverpoint Wealth Management Holdings LLC now owns 329,478 shares of the company’s stock worth $8,280,000 after purchasing an additional 28,202 shares during the period. Traub Capital Management LLC raised its position in Schwab U.S. TIPS ETF by 34.1% in the 3rd quarter. Traub Capital Management LLC now owns 40,566 shares of the company’s stock valued at $1,019,000 after buying an additional 10,305 shares during the last quarter. Lincoln National Corp bought a new position in Schwab U.S. TIPS ETF during the 3rd quarter valued at $243,739,000. Drive Wealth Management LLC bought a new position in Schwab U.S. TIPS ETF during the 3rd quarter valued at $229,000. Finally, Vista Capital Partners Inc. bought a new position in Schwab U.S. TIPS ETF during the 3rd quarter valued at $659,000.
Schwab U.S. TIPS ETF Price Performance
SCHP traded down $0.05 during mid-day trading on Friday, reaching $25.18. 3,894,574 shares of the stock were exchanged, compared to its average volume of 5,127,618. The company has a 50 day moving average price of $25.43 and a two-hundred day moving average price of $26.23. Schwab U.S. TIPS ETF has a 1 year low of $25.01 and a 1 year high of $26.99.
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.
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