Advisor Resource Council Purchases New Stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Advisor Resource Council acquired a new position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the 1st quarter, Holdings Channel.com reports. The firm acquired 56,528 shares of the company’s stock, valued at approximately $1,520,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SCHP. Northern Trust Corp acquired a new position in shares of Schwab U.S. TIPS ETF during the 4th quarter worth $308,000. Allworth Financial LP boosted its holdings in Schwab U.S. TIPS ETF by 820.4% during the fourth quarter. Allworth Financial LP now owns 17,976 shares of the company’s stock worth $466,000 after buying an additional 16,023 shares in the last quarter. Blair William & Co. IL grew its position in Schwab U.S. TIPS ETF by 89.5% during the fourth quarter. Blair William & Co. IL now owns 13,434 shares of the company’s stock worth $347,000 after buying an additional 6,344 shares during the period. Franklin Resources Inc. grew its position in Schwab U.S. TIPS ETF by 101.1% during the fourth quarter. Franklin Resources Inc. now owns 7,354 shares of the company’s stock worth $190,000 after buying an additional 3,698 shares during the period. Finally, NBC Securities Inc. increased its holdings in Schwab U.S. TIPS ETF by 115,900.0% in the first quarter. NBC Securities Inc. now owns 1,160 shares of the company’s stock valued at $31,000 after buying an additional 1,159 shares in the last quarter.

Schwab U.S. TIPS ETF Trading Up 0.2%

SCHP stock opened at $26.50 on Friday. The firm has a 50 day moving average of $26.42 and a 200-day moving average of $26.31. Schwab U.S. TIPS ETF has a 12-month low of $25.68 and a 12-month high of $27.06.

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.