Rede Wealth LLC Acquires Shares of 92,749 Schwab U.S. TIPS ETF $SCHP

Rede Wealth LLC acquired a new stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHPFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 92,749 shares of the company’s stock, valued at approximately $2,500,000. Schwab U.S. TIPS ETF accounts for about 2.0% of Rede Wealth LLC’s investment portfolio, making the stock its 10th biggest holding.

Several other hedge funds also recently made changes to their positions in SCHP. Financial Consulate Inc. bought a new stake in Schwab U.S. TIPS ETF during the 3rd quarter valued at $29,000. Mogy Joel R Investment Counsel Inc. bought a new stake in Schwab U.S. TIPS ETF in the 2nd quarter worth $32,000. Bessemer Group Inc. purchased a new position in shares of Schwab U.S. TIPS ETF in the second quarter valued at about $32,000. Hantz Financial Services Inc. bought a new position in shares of Schwab U.S. TIPS ETF during the second quarter valued at about $35,000. Finally, Bogart Wealth LLC raised its stake in shares of Schwab U.S. TIPS ETF by 64.1% during the second quarter. Bogart Wealth LLC now owns 1,411 shares of the company’s stock valued at $38,000 after acquiring an additional 551 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised Schwab U.S. TIPS ETF to a “hold” rating in a research note on Friday, December 5th.

Read Our Latest Analysis on Schwab U.S. TIPS ETF

Schwab U.S. TIPS ETF Stock Down 0.0%

Schwab U.S. TIPS ETF stock opened at $26.51 on Friday. Schwab U.S. TIPS ETF has a fifty-two week low of $25.68 and a fifty-two week high of $27.19. The stock’s 50 day simple moving average is $26.81 and its two-hundred day simple moving average is $26.77.

Schwab U.S. TIPS ETF Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding SCHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab U.S. TIPS ETF (NYSEARCA:SCHPFree Report).

Institutional Ownership by Quarter for Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

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