Galvin Gaustad & Stein LLC Buys 51,617 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Galvin Gaustad & Stein LLC increased its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 103.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 101,686 shares of the company’s stock after acquiring an additional 51,617 shares during the period. Galvin Gaustad & Stein LLC’s holdings in Schwab U.S. TIPS ETF were worth $2,627,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new stake in shares of Schwab U.S. TIPS ETF during the second quarter worth $943,000. Thrivent Financial for Lutherans grew its stake in shares of Schwab U.S. TIPS ETF by 5.7% during the second quarter. Thrivent Financial for Lutherans now owns 212,048 shares of the company’s stock worth $11,029,000 after purchasing an additional 11,452 shares during the period. Smith Thornton Advisors LLC acquired a new stake in shares of Schwab U.S. TIPS ETF during the second quarter worth $1,455,000. Full Sail Capital LLC lifted its holdings in Schwab U.S. TIPS ETF by 6.3% during the second quarter. Full Sail Capital LLC now owns 660,753 shares of the company’s stock worth $34,366,000 after acquiring an additional 38,984 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Schwab U.S. TIPS ETF by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 167,301 shares of the company’s stock worth $8,701,000 after acquiring an additional 3,865 shares in the last quarter.

Schwab U.S. TIPS ETF Trading Down 0.2 %

SCHP stock opened at $25.90 on Thursday. The business’s 50-day moving average price is $26.04 and its two-hundred day moving average price is $26.30. Schwab U.S. TIPS ETF has a 1-year low of $25.46 and a 1-year high of $26.96.

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.