First Allied Advisory Services Inc. Buys 208,050 Shares of Schwab U.S. TIPs ETF (SCHP)

First Allied Advisory Services Inc. grew its stake in Schwab U.S. TIPs ETF (NYSEARCA:SCHP) by 5,130.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 212,105 shares of the company’s stock after acquiring an additional 208,050 shares during the quarter. First Allied Advisory Services Inc. owned about 0.33% of Schwab U.S. TIPs ETF worth $11,623,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of SCHP. US Bancorp DE increased its stake in shares of Schwab U.S. TIPs ETF by 162.5% in the 1st quarter. US Bancorp DE now owns 2,365,590 shares of the company’s stock worth $129,823,000 after acquiring an additional 1,464,541 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Schwab U.S. TIPs ETF by 21.6% during the 1st quarter. JPMorgan Chase & Co. now owns 6,743,041 shares of the company’s stock worth $370,058,000 after purchasing an additional 1,198,250 shares during the period. Assetmark Inc. grew its holdings in shares of Schwab U.S. TIPs ETF by 680.6% during the 4th quarter. Assetmark Inc. now owns 952,337 shares of the company’s stock worth $52,788,000 after purchasing an additional 830,341 shares during the period. Charles Schwab Investment Advisory Inc. grew its holdings in shares of Schwab U.S. TIPs ETF by 12.9% during the 1st quarter. Charles Schwab Investment Advisory Inc. now owns 6,056,193 shares of the company’s stock worth $332,364,000 after purchasing an additional 692,536 shares during the period. Finally, Wooster Corthell Wealth Management Inc. purchased a new position in shares of Schwab U.S. TIPs ETF during the 1st quarter worth $15,797,000.

NYSEARCA SCHP opened at $54.45 on Monday. Schwab U.S. TIPs ETF has a twelve month low of $54.02 and a twelve month high of $56.10.

The firm also recently declared a monthly dividend, which was paid on Monday, May 7th. Stockholders of record on Wednesday, May 2nd were issued a dividend of $0.1878 per share. The ex-dividend date of this dividend was Tuesday, May 1st. This is a boost from Schwab U.S. TIPs ETF’s previous monthly dividend of $0.15. This represents a $2.25 dividend on an annualized basis and a dividend yield of 4.14%.

Want to see what other hedge funds are holding SCHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab U.S. TIPs ETF (NYSEARCA:SCHP).

Institutional Ownership by Quarter for Schwab U.S. TIPs ETF (NYSEARCA:SCHP)

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