Claro Advisors LLC Invests $587,000 in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Claro Advisors LLC acquired a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the first quarter, Holdings Channel reports. The institutional investor acquired 11,251 shares of the company’s stock, valued at approximately $587,000.

Other large investors have also modified their holdings of the company. Transcendent Capital Group LLC acquired a new position in shares of Schwab U.S. TIPS ETF during the fourth quarter worth $26,000. Mather Group LLC. acquired a new position in shares of Schwab U.S. TIPS ETF during the first quarter worth $27,000. Crewe Advisors LLC grew its stake in shares of Schwab U.S. TIPS ETF by 295.7% during the fourth quarter. Crewe Advisors LLC now owns 930 shares of the company’s stock worth $49,000 after purchasing an additional 695 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Schwab U.S. TIPS ETF during the first quarter worth $53,000. Finally, Financial Synergies Wealth Advisors Inc. acquired a new position in shares of Schwab U.S. TIPS ETF during the first quarter worth $60,000.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP stock traded down $0.43 on Monday, reaching $51.58. 917,800 shares of the stock were exchanged, compared to its average volume of 1,282,452. The business’s 50 day moving average price is $51.76 and its 200 day moving average price is $51.84. Schwab U.S. TIPS ETF has a twelve month low of $49.50 and a twelve month high of $52.71.

Schwab U.S. TIPS ETF Company 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.