42,399 Shares in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Bought by Maridea Wealth Management LLC

Maridea Wealth Management LLC purchased a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 42,399 shares of the company’s stock, valued at approximately $1,095,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empower Advisory Group LLC raised its stake in Schwab U.S. TIPS ETF by 116.0% during the fourth quarter. Empower Advisory Group LLC now owns 38,301,085 shares of the company’s stock worth $989,317,000 after buying an additional 20,565,226 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of Schwab U.S. TIPS ETF in the 4th quarter worth about $402,061,000. Quadratic Capital Management LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 24.5% in the 4th quarter. Quadratic Capital Management LLC now owns 14,235,092 shares of the company’s stock valued at $367,692,000 after purchasing an additional 2,803,683 shares during the period. Sei Investments Co. boosted its position in shares of Schwab U.S. TIPS ETF by 108.6% during the 4th quarter. Sei Investments Co. now owns 11,217,087 shares of the company’s stock valued at $289,734,000 after purchasing an additional 5,840,961 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Schwab U.S. TIPS ETF by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 9,972,150 shares of the company’s stock worth $534,806,000 after purchasing an additional 1,458,886 shares during the period.

Schwab U.S. TIPS ETF Trading Up 0.6 %

Shares of SCHP stock opened at $26.78 on Friday. Schwab U.S. TIPS ETF has a fifty-two week low of $25.46 and a fifty-two week high of $26.96. The stock has a 50 day simple moving average of $26.38 and a two-hundred day simple moving average of $26.32.

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.