Envestnet Portfolio Solutions Inc. Purchases 50,732 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Envestnet Portfolio Solutions Inc. grew its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 98.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 102,031 shares of the company’s stock after buying an additional 50,732 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Schwab U.S. TIPS ETF were worth $2,635,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Empower Advisory Group LLC boosted its holdings in Schwab U.S. TIPS ETF by 116.0% in the 4th quarter. Empower Advisory Group LLC now owns 38,301,085 shares of the company’s stock worth $989,317,000 after buying an additional 20,565,226 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Schwab U.S. TIPS ETF during the fourth quarter worth $402,061,000. Quadratic Capital Management LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 24.5% in the fourth quarter. Quadratic Capital Management LLC now owns 14,235,092 shares of the company’s stock worth $367,692,000 after acquiring an additional 2,803,683 shares during the period. JPMorgan Chase & Co. grew its position in shares of Schwab U.S. TIPS ETF by 17.1% in the third quarter. JPMorgan Chase & Co. now owns 9,972,150 shares of the company’s stock valued at $534,806,000 after purchasing an additional 1,458,886 shares in the last quarter. Finally, Lincoln National Corp raised its stake in shares of Schwab U.S. TIPS ETF by 100.2% during the 4th quarter. Lincoln National Corp now owns 8,227,198 shares of the company’s stock valued at $212,509,000 after purchasing an additional 4,118,522 shares during the period.

Schwab U.S. TIPS ETF Price Performance

Shares of SCHP opened at $26.65 on Thursday. Schwab U.S. TIPS ETF has a 52-week low of $25.46 and a 52-week high of $26.96. The stock’s 50-day simple moving average is $26.27 and its 200 day simple moving average is $26.32.

Schwab U.S. TIPS ETF Company Profile

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.