Maltin Wealth Management Inc. Has $1.93 Million Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Maltin Wealth Management Inc. increased its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 104.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,860 shares of the company’s stock after buying an additional 38,327 shares during the quarter. Maltin Wealth Management Inc.’s holdings in Schwab U.S. TIPS ETF were worth $1,934,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHP. Quadratic Capital Management LLC increased its stake in Schwab U.S. TIPS ETF by 24.5% in the fourth quarter. Quadratic Capital Management LLC now owns 14,235,092 shares of the company’s stock valued at $367,692,000 after acquiring an additional 2,803,683 shares during the period. Cerity Partners OCIO LLC bought a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter valued at approximately $130,469,000. JPMorgan Chase & Co. raised its holdings in shares of Schwab U.S. TIPS ETF by 17.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,972,150 shares of the company’s stock worth $534,806,000 after buying an additional 1,458,886 shares in the last quarter. Greenline Partners LLC acquired a new position in shares of Schwab U.S. TIPS ETF in the 2nd quarter worth approximately $45,303,000. Finally, Stephens Group Asset Management LLC boosted its stake in Schwab U.S. TIPS ETF by 105.9% in the 4th quarter. Stephens Group Asset Management LLC now owns 1,696,759 shares of the company’s stock valued at $43,827,000 after buying an additional 872,511 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA:SCHP opened at $25.95 on Monday. The company’s fifty day moving average is $26.05 and its 200-day moving average is $26.30. Schwab U.S. TIPS ETF has a 52 week low of $25.46 and a 52 week high of $26.96.

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.