Carnegie Investment Counsel Buys 52,308 Shares of Schwab U.S. TIPS ETF $SCHP

Carnegie Investment Counsel boosted its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 9.7% in the 2nd quarter, Holdings Channel reports. The firm owned 592,128 shares of the company’s stock after acquiring an additional 52,308 shares during the quarter. Carnegie Investment Counsel’s holdings in Schwab U.S. TIPS ETF were worth $15,798,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Empower Advisory Group LLC boosted its stake in Schwab U.S. TIPS ETF by 6.2% in the 1st quarter. Empower Advisory Group LLC now owns 40,669,805 shares of the company’s stock worth $1,093,611,000 after purchasing an additional 2,368,720 shares during the period. Wealthfront Advisers LLC boosted its stake in Schwab U.S. TIPS ETF by 26.9% in the 1st quarter. Wealthfront Advisers LLC now owns 28,220,930 shares of the company’s stock worth $758,861,000 after purchasing an additional 5,986,682 shares during the period. JPMorgan Chase & Co. boosted its stake in Schwab U.S. TIPS ETF by 1,240.8% in the 1st quarter. JPMorgan Chase & Co. now owns 17,556,656 shares of the company’s stock worth $472,102,000 after purchasing an additional 16,247,258 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in Schwab U.S. TIPS ETF by 5.4% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 16,401,227 shares of the company’s stock worth $441,029,000 after purchasing an additional 835,548 shares during the period. Finally, Jasper Ridge Partners L.P. boosted its stake in Schwab U.S. TIPS ETF by 3.8% in the 1st quarter. Jasper Ridge Partners L.P. now owns 7,808,873 shares of the company’s stock worth $209,981,000 after purchasing an additional 289,378 shares during the period.

Schwab U.S. TIPS ETF Stock Down 0.2%

NYSEARCA:SCHP opened at $27.10 on Friday. The business’s 50-day moving average price is $26.94 and its two-hundred day moving average price is $26.65. Schwab U.S. TIPS ETF has a twelve month low of $25.68 and a twelve month high of $27.19.

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.