Joseph P. Lucia & Associates LLC Takes $47.77 Million Position in Schwab U.S. TIPs ETF (NYSEARCA:SCHP)

Joseph P. Lucia & Associates LLC purchased a new stake in Schwab U.S. TIPs ETF (NYSEARCA:SCHP) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,615,863 shares of the company’s stock, valued at approximately $47,771,000. Schwab U.S. TIPs ETF accounts for approximately 3.6% of Joseph P. Lucia & Associates LLC’s investment portfolio, making the stock its 6th biggest position. Joseph P. Lucia & Associates LLC owned about 2.31% of Schwab U.S. TIPs ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ellevest Inc. increased its holdings in Schwab U.S. TIPs ETF by 216.7% in the 1st quarter. Ellevest Inc. now owns 42,624 shares of the company’s stock worth $934,000 after purchasing an additional 29,164 shares in the last quarter. HL Financial Services LLC increased its stake in shares of Schwab U.S. TIPs ETF by 4.0% in the first quarter. HL Financial Services LLC now owns 4,876 shares of the company’s stock valued at $268,000 after buying an additional 187 shares during the period. Fagan Associates Inc. increased its stake in shares of Schwab U.S. TIPs ETF by 4.1% in the first quarter. Fagan Associates Inc. now owns 20,003 shares of the company’s stock valued at $1,100,000 after buying an additional 782 shares during the period. SignalPoint Asset Management LLC increased its stake in shares of Schwab U.S. TIPs ETF by 5.2% in the first quarter. SignalPoint Asset Management LLC now owns 10,589 shares of the company’s stock valued at $583,000 after buying an additional 519 shares during the period. Finally, Patriot Investment Management Inc. acquired a new stake in shares of Schwab U.S. TIPs ETF in the first quarter valued at about $1,269,000.

Shares of Schwab U.S. TIPs ETF stock traded up $0.10 on Wednesday, hitting $55.55. 415,082 shares of the company’s stock traded hands, compared to its average volume of 552,979. Schwab U.S. TIPs ETF has a one year low of $52.75 and a one year high of $55.65.

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

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

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