Maltin Wealth Management Inc. Raises Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Maltin Wealth Management Inc. boosted its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 35.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,123 shares of the company’s stock after purchasing an additional 7,882 shares during the quarter. Maltin Wealth Management Inc.’s holdings in Schwab U.S. TIPS ETF were worth $1,571,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHP. Friedenthal Financial grew its stake in Schwab U.S. TIPS ETF by 0.8% during the 4th quarter. Friedenthal Financial now owns 25,747 shares of the company’s stock valued at $1,344,000 after acquiring an additional 193 shares in the last quarter. Jackson Creek Investment Advisors LLC lifted 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 boosted its holdings in shares of 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. Security Financial Services INC. grew its position in shares of Schwab U.S. TIPS ETF by 1.5% in the fourth quarter. Security Financial Services INC. now owns 20,258 shares of the company’s stock valued at $1,057,000 after purchasing an additional 303 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 24.1% in the fourth quarter. CWM LLC now owns 2,226 shares of the company’s stock valued at $116,000 after purchasing an additional 432 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Down 0.2 %

Shares of SCHP traded down $0.09 during midday trading on Friday, reaching $52.10. The company had a trading volume of 453,628 shares, compared to its average volume of 1,282,822. The firm has a 50 day simple moving average of $51.75 and a 200-day simple moving average of $51.83. Schwab U.S. TIPS ETF has a 1-year low of $49.50 and a 1-year high of $52.71.

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.