Raymond James Financial Inc. Makes Significant Investment in Schwab U.S. TIPS ETF

In a strategic move, Raymond James Financial Inc. has acquired a new stake in the Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the fourth quarter of the previous year. According to reports from HoldingsChannel.com, the firm purchased 736,563 shares of the ETF, with an estimated value of around $19,025,000.

This investment highlights a growing interest among institutional investors in SCHP, as several have recently adjusted their holdings. In the third quarter, Principal Financial Group Inc. increased its stake in the ETF by 6.3%. As a result, it now owns 173,650 shares valued at about $9,313,000, following an acquisition of 10,327 additional shares.

Furthermore, Aptus Capital Advisors LLC also boosted its holding in SCHP by 8.9% in the same quarter, bringing their total ownership to 4,782 shares worth approximately $256,000 after adding 392 shares. Notably, OneDigital Investment Advisors LLC significantly expanded its position by 91.1%, currently owning 26,241 shares valued at $1,407,000 as they acquired 12,506 shares in the last quarter.

Additionally, CIBC Asset Management Inc. entered the market with a new position valued at about $550,000, and Empowered Funds LLC made a remarkable increase of 343.5% in their holdings, owning 136,827 shares worth $7,323,000 after acquiring 105,975 shares in the same timeframe.

Current Trading Status of SCHP

As of Monday, shares of SCHP are trading down by 0.3% with an opening price of $26.46. The ETF has a 50-day moving average of $26.22 and a 200-day moving average of $26.31. Over the last year, the stock has fluctuated between a low of $25.46 and a high of $26.96.

About Schwab U.S. TIPS ETF

The Schwab U.S. TIPS ETF (SCHP) primarily invests in high-quality fixed-income securities. This ETF tracks a market-value weighted index comprised of U.S. Treasury inflation-protected securities (TIPS) that have at least one year remaining until maturity. Launched on August 5, 2010, the fund is managed by Charles Schwab.

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For those interested in more detailed holdings of SCHP, it is advisable to visit reliable financial platforms for the latest reports and critical analyses.

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