Simplicity Wealth LLC Acquires New Stake in Schwab U.S. TIPS ETF $SCHP

Simplicity Wealth LLC bought a new position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 29,313 shares of the company’s stock, valued at approximately $780,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pine Haven Investment Counsel Inc raised its stake in shares of Schwab U.S. TIPS ETF by 0.9% in the 4th quarter. Pine Haven Investment Counsel Inc now owns 42,192 shares of the company’s stock worth $1,118,000 after buying an additional 390 shares in the last quarter. Fortis Capital Management LLC boosted its stake in Schwab U.S. TIPS ETF by 1.3% during the fourth quarter. Fortis Capital Management LLC now owns 30,765 shares of the company’s stock valued at $815,000 after buying an additional 390 shares in the last quarter. Cape Investment Advisory Inc. boosted its stake in Schwab U.S. TIPS ETF by 21.2% during the third quarter. Cape Investment Advisory Inc. now owns 2,356 shares of the company’s stock valued at $63,000 after buying an additional 412 shares in the last quarter. Arta Finance Wealth Management LLC grew its holdings in Schwab U.S. TIPS ETF by 1.8% during the first quarter. Arta Finance Wealth Management LLC now owns 27,080 shares of the company’s stock worth $720,000 after acquiring an additional 474 shares during the period. Finally, Vista Capital Partners Inc. grew its holdings in Schwab U.S. TIPS ETF by 2.8% during the fourth quarter. Vista Capital Partners Inc. now owns 19,104 shares of the company’s stock worth $506,000 after acquiring an additional 523 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

Shares of Schwab U.S. TIPS ETF stock opened at $26.23 on Monday. Schwab U.S. TIPS ETF has a 52 week low of $26.19 and a 52 week high of $27.19. The company’s 50-day moving average price is $26.56 and its two-hundred day moving average price is $26.64.

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.