Creative Planning Raises Position in Schwab U.S. TIPs ETF (SCHP)

Creative Planning boosted its position in Schwab U.S. TIPs ETF (NYSEARCA:SCHP) by 12.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,366 shares of the company’s stock after purchasing an additional 2,791 shares during the quarter. Creative Planning’s holdings in Schwab U.S. TIPs ETF were worth $1,393,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SCHP. Raymond James & Associates bought a new position in Schwab U.S. TIPs ETF in the 4th quarter worth $1,627,000. FDx Advisors Inc. raised its holdings in Schwab U.S. TIPs ETF by 7.2% in the 1st quarter. FDx Advisors Inc. now owns 71,542 shares of the company’s stock worth $3,926,000 after purchasing an additional 4,812 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Schwab U.S. TIPs ETF by 4.4% in the 1st quarter. Wells Fargo & Company MN now owns 185,964 shares of the company’s stock worth $10,206,000 after purchasing an additional 7,798 shares in the last quarter. Wooster Corthell Wealth Management Inc. bought a new position in Schwab U.S. TIPs ETF in the 1st quarter worth $15,797,000. Finally, Cutler Investment Counsel LLC raised its holdings in Schwab U.S. TIPs ETF by 1,898.4% in the 1st quarter. Cutler Investment Counsel LLC now owns 206,837 shares of the company’s stock worth $11,351,000 after purchasing an additional 196,487 shares in the last quarter.

Shares of Schwab U.S. TIPs ETF stock opened at $54.54 on Friday. Schwab U.S. TIPs ETF has a 1 year low of $54.02 and a 1 year high of $56.10.

The firm also recently declared a monthly dividend, which was paid on Tuesday, August 7th. Investors of record on Thursday, August 2nd were paid a $0.2099 dividend. This represents a $2.52 annualized dividend and a dividend yield of 4.62%. This is a positive change from Schwab U.S. TIPs ETF’s previous monthly dividend of $0.14. The ex-dividend date was Wednesday, August 1st.

Further Reading: Market Capitalization

Institutional Ownership by Quarter for Schwab U.S. TIPs ETF (NYSEARCA:SCHP)

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