Schwab US TIPs ETF (NYSEARCA:SCHP) Holdings Reduced by Financial & Investment Management Group Ltd. – Fairfield Current

This article was originally published on this site

Financial & Investment Management Group Ltd. lessened its stake in Schwab U.S. TIPs ETF (NYSEARCA:SCHP) by 1.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 316,526 shares of the company’s stock after selling 5,651 shares during the quarter. Schwab U.S. TIPs ETF comprises approximately 5.5% of Financial & Investment Management Group Ltd.’s investment portfolio, making the stock its biggest holding. Financial & Investment Management Group Ltd. owned approximately 0.32% of Schwab U.S. TIPs ETF worth $17,380,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SCHP. The Manufacturers Life Insurance Company lifted its stake in Schwab U.S. TIPs ETF by 57.7% in the first quarter. The Manufacturers Life Insurance Company now owns 2,792 shares of the company’s stock valued at $153,000 after buying an additional 1,021 shares in the last quarter. APCM Wealth Management for Individuals acquired a new stake in shares of Schwab U.S. TIPs ETF in the fourth quarter valued at approximately $210,000. Bbva Compass Bancshares Inc. raised its holdings in shares of Schwab U.S. TIPs ETF by 62.6% in the first quarter. Bbva Compass Bancshares Inc. now owns 3,806 shares of the company’s stock valued at $209,000 after purchasing an additional 1,466 shares during the last quarter. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Schwab U.S. TIPs ETF in the first quarter valued at approximately $219,000. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of Schwab U.S. TIPs ETF by 98.1% in the first quarter. Stratos Wealth Partners LTD. now owns 4,064 shares of the company’s stock valued at $223,000 after purchasing an additional 2,012 shares during the last quarter.

Shares of Schwab U.S. TIPs ETF traded up $0.06, reaching $54.36, during midday trading on Monday, according to MarketBeat. The company’s stock had a trading volume of 6,012 shares, compared to its average volume of 594,867. Schwab U.S. TIPs ETF has a fifty-two week low of $54.02 and a fifty-two week high of $56.10.

The company also recently announced a monthly dividend, which will be paid on Tuesday, August 7th. Investors of record on Thursday, August 2nd will be issued a dividend of $0.2099 per share. This represents a $2.52 dividend on an annualized basis and a yield of 4.63%. This is an increase from Schwab U.S. TIPs ETF’s previous monthly dividend of $0.14. The ex-dividend date is Wednesday, August 1st.

Recommended Story: Average Daily Trade Volume – ADTV

Receive News & Ratings for Schwab U.S. TIPs ETF Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Schwab U.S. TIPs ETF and related companies with MarketBeat.com’s FREE daily email newsletter.