Arkansas Financial Group Inc. acquired a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Rating) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 45,526 shares of the company's stock, valued at approximately $2,358,000.
Several other institutional investors have also recently bought and sold shares of SCHP. Bank of New York Mellon Corp raised its position in Schwab U.S. TIPS ETF by 160.7% in the 1st quarter. Bank of New York Mellon Corp now owns 541,345 shares of the company's stock valued at $32,865,000 after purchasing an additional 333,656 shares during the last quarter. Synovus Financial Corp raised its position in Schwab U.S. TIPS ETF by 11.6% in the 1st quarter. Synovus Financial Corp now owns 3,660 shares of the company's stock valued at $223,000 after purchasing an additional 381 shares during the last quarter. Moors & Cabot Inc. increased its stake in shares of Schwab U.S. TIPS ETF by 7.3% in the 1st quarter. Moors & Cabot Inc. now owns 8,144 shares of the company's stock valued at $494,000 after buying an additional 551 shares during the period. Zions Bancorporation N.A. acquired a new stake in shares of Schwab U.S. TIPS ETF in the 1st quarter valued at $65,000. Finally, NewEdge Advisors LLC increased its stake in shares of Schwab U.S. TIPS ETF by 65.1% in the 1st quarter. NewEdge Advisors LLC now owns 24,423 shares of the company's stock valued at $1,482,000 after buying an additional 9,629 shares during the period.
Get Schwab U.S. TIPS ETF alerts:Schwab U.S. TIPS ETF Stock Down 0.3 %
Shares of NYSEARCA SCHP traded down $0.16 during midday trading on Wednesday, hitting $53.73. The stock had a trading volume of 619,859 shares, compared to its average volume of 2,581,706. The company's 50-day simple moving average is $52.92 and its 200 day simple moving average is $52.61. Schwab U.S. TIPS ETF has a fifty-two week low of $51.47 and a fifty-two week high of $59.71.
Schwab U.S. TIPS ETF Profile
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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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