Range Advisory LLC Purchases 92,765 Shares of Schwab U.S. TIPS ETF $SCHP

Range Advisory LLC lifted its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 53.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 266,088 shares of the company’s stock after buying an additional 92,765 shares during the period. Schwab U.S. TIPS ETF comprises about 0.8% of Range Advisory LLC’s investment portfolio, making the stock its 23rd biggest position. Range Advisory LLC’s holdings in Schwab U.S. TIPS ETF were worth $7,051,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Archer Investment Corp boosted its position in shares of Schwab U.S. TIPS ETF by 212.2% during the 1st quarter. Archer Investment Corp now owns 971 shares of the company’s stock valued at $26,000 after acquiring an additional 660 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new position in shares of Schwab U.S. TIPS ETF during the fourth quarter worth about $29,000. Ameritas Investment Partners Inc. increased its position in shares of Schwab U.S. TIPS ETF by 83.9% in the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock worth $32,000 after purchasing an additional 547 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Schwab U.S. TIPS ETF by 69.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock worth $35,000 after purchasing an additional 541 shares during the last quarter. Finally, TOP Private Wealth LLC. purchased a new stake in Schwab U.S. TIPS ETF in the second quarter valued at approximately $38,000.

Schwab U.S. TIPS ETF Stock Performance

Shares of Schwab U.S. TIPS ETF stock opened at $25.84 on Tuesday. Schwab U.S. TIPS ETF has a 1 year low of $25.78 and a 1 year high of $27.19. The company has a 50 day simple moving average of $26.06 and a two-hundred day simple moving average of $26.48.

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.