Pinnacle Private Wealth LLC Acquires 2,899 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Pinnacle Private Wealth LLC increased its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHPGet Rating) by 44.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,400 shares of the company’s stock after buying an additional 2,899 shares during the period. Pinnacle Private Wealth LLC’s holdings in Schwab U.S. TIPS ETF were worth $525,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Oxinas Partners Wealth Management LLC acquired a new position in Schwab U.S. TIPS ETF during the second quarter worth $3,722,000. Spectrum Planning & Advisory Services Inc. increased its holdings in shares of Schwab U.S. TIPS ETF by 36.4% in the second quarter. Spectrum Planning & Advisory Services Inc. now owns 43,715 shares of the company’s stock valued at $2,439,000 after purchasing an additional 11,666 shares during the last quarter. Zhang Financial LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 22.4% in the second quarter. Zhang Financial LLC now owns 80,064 shares of the company’s stock valued at $4,468,000 after purchasing an additional 14,645 shares during the last quarter. Peak Financial Advisors LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 27.6% in the second quarter. Peak Financial Advisors LLC now owns 5,557 shares of the company’s stock valued at $310,000 after purchasing an additional 1,201 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Schwab U.S. TIPS ETF by 15.4% in the second quarter. Parkside Financial Bank & Trust now owns 4,079 shares of the company’s stock valued at $227,000 after purchasing an additional 544 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA:SCHP traded down $0.22 on Friday, hitting $53.11. The company had a trading volume of 3,738,320 shares, compared to its average volume of 4,521,362. Schwab U.S. TIPS ETF has a 1-year low of $53.03 and a 1-year high of $64.15. The stock has a 50 day moving average price of $55.94 and a 200 day moving average price of $57.62.

Further Reading

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

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