Tortoise Investment Management LLC Grows Stock Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Tortoise Investment Management LLC lifted its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 397.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 466,982 shares of the company’s stock after buying an additional 373,146 shares during the period. Schwab U.S. TIPS ETF makes up about 1.3% of Tortoise Investment Management LLC’s portfolio, making the stock its 22nd largest position. Tortoise Investment Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $12,062,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Independent Advisor Alliance purchased a new position in shares of Schwab U.S. TIPS ETF in the 4th quarter worth approximately $376,000. Altiora Financial Group LLC grew its position in shares of Schwab U.S. TIPS ETF by 102.9% in the 4th quarter. Altiora Financial Group LLC now owns 517,443 shares of the company’s stock worth $13,366,000 after buying an additional 262,402 shares during the last quarter. Rebalance LLC grew its position in shares of Schwab U.S. TIPS ETF by 87.1% in the 4th quarter. Rebalance LLC now owns 182,447 shares of the company’s stock worth $4,713,000 after buying an additional 84,947 shares during the last quarter. Fairscale Capital LLC grew its position in shares of Schwab U.S. TIPS ETF by 100.0% in the 4th quarter. Fairscale Capital LLC now owns 4,000 shares of the company’s stock worth $103,000 after buying an additional 2,000 shares during the last quarter. Finally, NBT Bank N A NY grew its position in shares of Schwab U.S. TIPS ETF by 263.9% in the 4th quarter. NBT Bank N A NY now owns 9,291 shares of the company’s stock worth $240,000 after buying an additional 6,738 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA:SCHP opened at $26.49 on Monday. Schwab U.S. TIPS ETF has a twelve month low of $25.46 and a twelve month high of $26.96. The company’s 50 day moving average is $26.15 and its two-hundred day moving average is $26.32.

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.