IFC & Insurance Marketing Inc. Buys 37,693 Shares of Schwab U.S. TIPS ETF $SCHP

IFC & Insurance Marketing Inc. lifted its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 90.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 79,274 shares of the company’s stock after buying an additional 37,693 shares during the quarter. Schwab U.S. TIPS ETF comprises about 2.2% of IFC & Insurance Marketing Inc.’s portfolio, making the stock its 13th largest holding. IFC & Insurance Marketing Inc.’s holdings in Schwab U.S. TIPS ETF were worth $2,109,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stewardship Advisors LLC grew its stake in Schwab U.S. TIPS ETF by 7.9% in the 1st quarter. Stewardship Advisors LLC now owns 20,254 shares of the company’s stock valued at $539,000 after buying an additional 1,491 shares during the last quarter. Brookstone Capital Management boosted its holdings in shares of Schwab U.S. TIPS ETF by 19.2% during the first quarter. Brookstone Capital Management now owns 27,465 shares of the company’s stock worth $731,000 after acquiring an additional 4,429 shares during the period. Roble Belko & Company Inc boosted its holdings in shares of Schwab U.S. TIPS ETF by 35.0% during the first quarter. Roble Belko & Company Inc now owns 532,751 shares of the company’s stock worth $14,177,000 after acquiring an additional 138,214 shares during the period. Upper Left Wealth Management LLC grew its position in shares of Schwab U.S. TIPS ETF by 4.8% in the first quarter. Upper Left Wealth Management LLC now owns 164,853 shares of the company’s stock valued at $4,387,000 after purchasing an additional 7,530 shares during the last quarter. Finally, Evolve Private Wealth LLC increased its stake in shares of Schwab U.S. TIPS ETF by 12.2% during the first quarter. Evolve Private Wealth LLC now owns 256,408 shares of the company’s stock worth $6,823,000 after purchasing an additional 27,952 shares during the period.

Schwab U.S. TIPS ETF Trading Down 0.4%

Shares of NYSEARCA SCHP opened at $26.38 on Tuesday. The business’s 50 day moving average is $26.69 and its 200-day moving average is $26.67. Schwab U.S. TIPS ETF has a 1-year low of $26.37 and a 1-year high of $27.19.

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.