Capital Wealth Management LLC Raises Holdings in Schwab U.S. TIPs ETF (SCHP)

Capital Wealth Management LLC boosted its holdings in shares of Schwab U.S. TIPs ETF (NYSEARCA:SCHP) by 32.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 18,171 shares of the company’s stock after purchasing an additional 4,448 shares during the period. Schwab U.S. TIPs ETF makes up 1.0% of Capital Wealth Management LLC’s investment portfolio, making the stock its 19th largest holding. Capital Wealth Management LLC’s holdings in Schwab U.S. TIPs ETF were worth $999,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Prime Capital Investment Advisors LLC purchased a new position in Schwab U.S. TIPs ETF during the 4th quarter worth $35,000. Lenox Wealth Management Inc. boosted its holdings in shares of Schwab U.S. TIPs ETF by 83.1% in the first quarter. Lenox Wealth Management Inc. now owns 782 shares of the company’s stock valued at $43,000 after acquiring an additional 355 shares in the last quarter. Cedar Wealth Management LLC boosted its holdings in shares of Schwab U.S. TIPs ETF by 7,562.5% in the first quarter. Cedar Wealth Management LLC now owns 1,226 shares of the company’s stock valued at $67,000 after acquiring an additional 1,210 shares in the last quarter. TCI Wealth Advisors Inc. boosted its holdings in shares of Schwab U.S. TIPs ETF by 124.8% in the fourth quarter. TCI Wealth Advisors Inc. now owns 1,439 shares of the company’s stock valued at $77,000 after acquiring an additional 799 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Schwab U.S. TIPs ETF by 15.2% in the fourth quarter. Parallel Advisors LLC now owns 1,445 shares of the company’s stock valued at $76,000 after acquiring an additional 191 shares in the last quarter.

Shares of NYSEARCA:SCHP traded up $0.13 during midday trading on Wednesday, hitting $55.35. The stock had a trading volume of 7,283 shares, compared to its average volume of 557,037. Schwab U.S. TIPs ETF has a 1 year low of $52.75 and a 1 year high of $55.29.

The company also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were issued a $0.0374 dividend. This represents a $0.45 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Wednesday, May 1st.

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

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