Websterrogers Financial Advisors LLC Boosts Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Websterrogers Financial Advisors LLC raised its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 101.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,010 shares of the company’s stock after acquiring an additional 20,108 shares during the period. Websterrogers Financial Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $1,033,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SCHP. Envestnet Asset Management Inc. grew its holdings in Schwab U.S. TIPS ETF by 24.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,467,323 shares of the company’s stock valued at $76,315,000 after purchasing an additional 290,069 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Schwab U.S. TIPS ETF during the second quarter valued at approximately $943,000. Brighton Jones LLC grew its stake in shares of Schwab U.S. TIPS ETF by 16.4% during the second quarter. Brighton Jones LLC now owns 8,954 shares of the company’s stock valued at $466,000 after buying an additional 1,264 shares during the last quarter. Joseph Group Capital Management raised its holdings in shares of Schwab U.S. TIPS ETF by 3.1% in the second quarter. Joseph Group Capital Management now owns 497,684 shares of the company’s stock worth $25,885,000 after buying an additional 14,902 shares during the period. Finally, Simplify Asset Management Inc. bought a new stake in shares of Schwab U.S. TIPS ETF during the 2nd quarter worth approximately $31,502,000.

Schwab U.S. TIPS ETF Stock Performance

SCHP opened at $25.90 on Thursday. The business has a fifty day moving average of $26.06 and a 200 day moving average of $26.30. Schwab U.S. TIPS ETF has a 52-week low of $25.46 and a 52-week high of $26.96.

Schwab U.S. TIPS ETF 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.