Schwab U.S. TIPS ETF $SCHP Shares Newly Acquired by Valmark Advisers Inc.

Valmark Advisers Inc. acquired a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 250,363 shares of the company’s stock, valued at approximately $6,292,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sei Investments Co. increased its holdings 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 buying an additional 646,415 shares during the period. CENTRAL TRUST Co bought a new stake in shares of Schwab U.S. TIPS ETF during the 3rd quarter worth approximately $207,134,000. Envestnet Asset Management Inc. lifted its holdings in shares of Schwab U.S. TIPS ETF by 5.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,295,573 shares of the company’s stock worth $166,833,000 after acquiring an additional 300,734 shares during the period. Alesco Advisors LLC An ESL Co lifted its holdings in shares of Schwab U.S. TIPS ETF by 2.8% during the 1st quarter. Alesco Advisors LLC An ESL Co now owns 6,121,252 shares of the company’s stock worth $162,887,000 after acquiring an additional 164,878 shares during the period. Finally, Armstrong Advisory Group Inc. boosted its position in shares of Schwab U.S. TIPS ETF by 2.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 3,629,675 shares of the company’s stock worth $91,214,000 after acquiring an additional 102,157 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA SCHP traded down $0.05 during trading hours on Friday, hitting $25.18. 3,894,574 shares of the stock were exchanged, compared to its average volume of 5,127,618. The company’s fifty day simple moving average is $25.43 and its two-hundred day simple moving average is $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 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.