Covenant Multifamily Offices LLC Acquires New Position in Schwab U.S. TIPs ETF (NYSEARCA:SCHP)

Covenant Multifamily Offices LLC purchased a new position in shares of Schwab U.S. TIPs ETF (NYSEARCA:SCHP) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,968 shares of the company’s stock, valued at approximately $108,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. McMahon Financial Advisors LLC boosted its stake in shares of Schwab U.S. TIPs ETF by 18.5% in the first quarter. McMahon Financial Advisors LLC now owns 78,558 shares of the company’s stock valued at $4,307,000 after buying an additional 12,245 shares in the last quarter. Atlas Capital Advisors LLC purchased a new stake in shares of Schwab U.S. TIPs ETF in the first quarter valued at approximately $312,000. Cedar Wealth Management LLC boosted its stake 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 buying an additional 1,210 shares in the last quarter. Marshall Financial Group Inc. ADV boosted its stake in shares of Schwab U.S. TIPs ETF by 3.4% in the first quarter. Marshall Financial Group Inc. ADV now owns 253,892 shares of the company’s stock valued at $13,964,000 after buying an additional 8,358 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Schwab U.S. TIPs ETF by 69.8% in the first quarter. Bank of Montreal Can now owns 95,835 shares of the company’s stock valued at $5,271,000 after buying an additional 39,383 shares in the last quarter.

Shares of Schwab U.S. TIPs ETF stock traded up $0.01 during trading on Wednesday, reaching $55.17. The company’s stock had a trading volume of 288,533 shares, compared to its average volume of 552,603. Schwab U.S. TIPs ETF has a 12-month low of $52.75 and a 12-month high of $55.35.

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

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

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