Principal Securities Inc. Invests $2.06 Million in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Principal Securities Inc. purchased a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHPFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 39,447 shares of the company’s stock, valued at approximately $2,059,000.

Several other institutional investors have also modified their holdings of SCHP. Cerity Partners LLC raised its holdings in Schwab U.S. TIPS ETF by 327.1% in the 4th quarter. Cerity Partners LLC now owns 13,385,973 shares of the company’s stock valued at $698,748,000 after buying an additional 10,251,581 shares during the period. Empower Advisory Group LLC raised its holdings in Schwab U.S. TIPS ETF by 24.9% in the 3rd quarter. Empower Advisory Group LLC now owns 12,524,783 shares of the company’s stock valued at $632,376,000 after buying an additional 2,499,508 shares during the period. Korea Investment CORP purchased a new stake in Schwab U.S. TIPS ETF in the 3rd quarter valued at about $29,284,000. JPMorgan Chase & Co. raised its holdings in Schwab U.S. TIPS ETF by 8.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,306,113 shares of the company’s stock valued at $368,886,000 after buying an additional 566,822 shares during the period. Finally, Financial Architects LLC purchased a new stake in Schwab U.S. TIPS ETF during the fourth quarter worth about $25,171,000.

Schwab U.S. TIPS ETF Stock Performance

Shares of Schwab U.S. TIPS ETF stock traded down $0.08 on Friday, reaching $51.58. 1,757,588 shares of the company were exchanged, compared to its average volume of 1,321,180. Schwab U.S. TIPS ETF has a 1-year low of $49.50 and a 1-year high of $53.59. The stock’s 50 day moving average price is $51.67 and its 200-day moving average price is $51.56.

About Schwab U.S. TIPS ETF

(Free Report)

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.

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

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