Strategic Financial Concepts LLC Takes Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Strategic Financial Concepts LLC bought a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the 1st quarter, HoldingsChannel reports. The firm bought 7,634 shares of the company’s stock, valued at approximately $398,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Friedenthal Financial boosted its holdings in Schwab U.S. TIPS ETF by 0.8% in the fourth quarter. Friedenthal Financial now owns 25,747 shares of the company’s stock worth $1,344,000 after acquiring an additional 193 shares in the last quarter. OMNI 360 Wealth Inc. raised its position in shares of Schwab U.S. TIPS ETF by 1.4% in the 1st quarter. OMNI 360 Wealth Inc. now owns 15,568 shares of the company’s stock valued at $812,000 after purchasing an additional 219 shares during the last quarter. Jackson Creek Investment Advisors LLC boosted its stake in Schwab U.S. TIPS ETF by 2.2% in the 4th quarter. Jackson Creek Investment Advisors LLC now owns 11,497 shares of the company’s stock worth $600,000 after purchasing an additional 252 shares in the last quarter. Mayflower Financial Advisors LLC grew its position in Schwab U.S. TIPS ETF by 1.6% during the 4th quarter. Mayflower Financial Advisors LLC now owns 17,251 shares of the company’s stock worth $901,000 after purchasing an additional 270 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its position in Schwab U.S. TIPS ETF by 0.9% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 32,544 shares of the company’s stock worth $1,643,000 after purchasing an additional 302 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

SCHP stock traded down $0.23 during midday trading on Tuesday, reaching $51.23. The stock had a trading volume of 1,379,364 shares, compared to its average volume of 1,239,466. The firm has a fifty day simple moving average of $51.70 and a two-hundred day simple moving average of $51.50. Schwab U.S. TIPS ETF has a 52-week low of $49.50 and a 52-week high of $53.83.

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.