Rialto Wealth Management LLC Takes $72,000 Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Rialto Wealth Management LLC acquired a new position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,792 shares of the company’s stock, valued at approximately $72,000.

A number of other institutional investors also recently bought and sold shares of the stock. Empower Advisory Group LLC grew its holdings in Schwab U.S. TIPS ETF by 116.0% during the fourth quarter. Empower Advisory Group LLC now owns 38,301,085 shares of the company’s stock valued at $989,317,000 after purchasing an additional 20,565,226 shares during the period. Lincoln National Corp grew its stake in shares of Schwab U.S. TIPS ETF by 100.2% during the 4th quarter. Lincoln National Corp now owns 8,227,198 shares of the company’s stock valued at $212,509,000 after acquiring an additional 4,118,522 shares during the period. Alesco Advisors LLC increased its holdings in Schwab U.S. TIPS ETF by 105.9% in the 4th quarter. Alesco Advisors LLC now owns 5,570,374 shares of the company’s stock worth $143,883,000 after acquiring an additional 2,865,603 shares in the last quarter. CENTRAL TRUST Co raised its stake in Schwab U.S. TIPS ETF by 92.2% during the 4th quarter. CENTRAL TRUST Co now owns 5,872,188 shares of the company’s stock worth $151,679,000 after acquiring an additional 2,817,586 shares during the period. Finally, Quadratic Capital Management LLC raised its stake in Schwab U.S. TIPS ETF by 24.5% during the 4th quarter. Quadratic Capital Management LLC now owns 14,235,092 shares of the company’s stock worth $367,692,000 after acquiring an additional 2,803,683 shares during the period.

Schwab U.S. TIPS ETF Trading Down 0.2 %

SCHP opened at $26.49 on Friday. The company has a 50 day simple moving average of $26.15 and a two-hundred day simple moving average of $26.32. Schwab U.S. TIPS ETF has a 1-year low of $25.46 and a 1-year high of $26.96.

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.