United Advisor Group LLC Makes New $380,000 Investment in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

United Advisor Group LLC acquired a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,721 shares of the company’s stock, valued at approximately $380,000.

Several other hedge funds also recently modified their holdings of SCHP. JPMorgan Chase & Co. increased its stake in Schwab U.S. TIPS ETF by 17.1% in the third quarter. JPMorgan Chase & Co. now owns 9,972,150 shares of the company’s stock valued at $534,806,000 after purchasing an additional 1,458,886 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Schwab U.S. TIPS ETF by 121.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 13,361 shares of the company’s stock valued at $345,000 after buying an additional 7,339 shares during the period. Brighton Jones LLC increased its position in Schwab U.S. TIPS ETF by 211.4% in the 4th quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock valued at $541,000 after buying an additional 14,212 shares in the last quarter. Sound Income Strategies LLC increased its position in Schwab U.S. TIPS ETF by 612.1% in the 4th quarter. Sound Income Strategies LLC now owns 2,713 shares of the company’s stock valued at $70,000 after buying an additional 2,332 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in Schwab U.S. TIPS ETF by 83.3% during the 4th quarter. Fifth Third Bancorp now owns 205,998 shares of the company’s stock worth $5,321,000 after buying an additional 93,619 shares during the period.

Schwab U.S. TIPS ETF Trading Up 0.2%

Shares of NYSEARCA:SCHP opened at $26.35 on Monday. Schwab U.S. TIPS ETF has a 52-week low of $25.68 and a 52-week high of $27.06. The business’s 50 day simple moving average is $26.52 and its two-hundred day simple moving average is $26.30.

About Schwab U.S. TIPS ETF

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.