298,558 Shares of Schwab U.S. TIPS ETF $SCHP Bought by Hughes Financial Services LLC

Hughes Financial Services LLC purchased a new position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the third quarter, HoldingsChannel reports. The institutional investor purchased 298,558 shares of the company’s stock, valued at approximately $7,664,000. Schwab U.S. TIPS ETF makes up about 1.0% of Hughes Financial Services LLC’s holdings, making the stock its 17th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in SCHP. First Community Trust NA purchased a new stake in Schwab U.S. TIPS ETF in the 3rd quarter valued at about $25,000. Archer Investment Corp lifted its holdings 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 worth $26,000 after acquiring an additional 660 shares during the period. Align Financial LLC purchased a new position in shares of Schwab U.S. TIPS ETF during the 3rd quarter worth about $27,000. TOP Private Wealth LLC. purchased a new position in shares of Schwab U.S. TIPS ETF during the 2nd quarter worth about $38,000. Finally, CX Institutional acquired a new stake in shares of Schwab U.S. TIPS ETF in the third quarter worth approximately $44,000.

Schwab U.S. TIPS ETF Price Performance

SCHP opened at $25.55 on Wednesday. Schwab U.S. TIPS ETF has a 1 year low of $25.01 and a 1 year high of $26.99. The company’s 50 day simple moving average is $25.52 and its 200 day simple moving average is $26.28.

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.