Wealth Management Resources Inc. Grows Stock Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Wealth Management Resources Inc. grew its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 760.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 183,369 shares of the company’s stock after purchasing an additional 162,046 shares during the period. Schwab U.S. TIPS ETF comprises about 5.6% of Wealth Management Resources Inc.’s holdings, making the stock its 9th largest holding. Wealth Management Resources Inc. owned approximately 0.08% of Schwab U.S. TIPS ETF worth $9,628,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pure Financial Advisors LLC boosted its holdings in Schwab U.S. TIPS ETF by 3.2% during the 2nd quarter. Pure Financial Advisors LLC now owns 492,683 shares of the company’s stock valued at $25,831,000 after acquiring an additional 15,199 shares during the period. Quadratic Capital Management LLC increased its stake in shares of Schwab U.S. TIPS ETF by 2.3% during the second quarter. Quadratic Capital Management LLC now owns 11,998,026 shares of the company’s stock valued at $629,057,000 after buying an additional 265,343 shares during the period. McLean Asset Management Corp lifted its stake in Schwab U.S. TIPS ETF by 1.5% in the second quarter. McLean Asset Management Corp now owns 72,997 shares of the company’s stock worth $3,827,000 after acquiring an additional 1,069 shares during the period. AE Wealth Management LLC increased its position in Schwab U.S. TIPS ETF by 15.3% during the 2nd quarter. AE Wealth Management LLC now owns 197,051 shares of the company’s stock valued at $10,331,000 after purchasing an additional 26,145 shares during the period. Finally, FC Advisory LLC raised its holdings in Schwab U.S. TIPS ETF by 4.7% in the 2nd quarter. FC Advisory LLC now owns 124,685 shares of the company’s stock worth $6,537,000 after purchasing an additional 5,651 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Schwab U.S. TIPS ETF stock remained flat at $51.18 on Monday. The company’s stock had a trading volume of 90,174 shares, compared to its average volume of 2,111,583. Schwab U.S. TIPS ETF has a fifty-two week low of $50.92 and a fifty-two week high of $54.10. The firm has a 50-day moving average of $51.67 and a two-hundred day moving average of $52.47.

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.