Schwab U.S. TIPS ETF (NYSEARCA:SCHP) is Brightwater Advisory LLC’s 2nd Largest Position

Brightwater Advisory LLC raised its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 107.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 346,790 shares of the company’s stock after purchasing an additional 179,287 shares during the period. Schwab U.S. TIPS ETF makes up 7.0% of Brightwater Advisory LLC’s portfolio, making the stock its 2nd biggest position. Brightwater Advisory LLC’s holdings in Schwab U.S. TIPS ETF were worth $8,958,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Empower Advisory Group LLC lifted its position in shares of Schwab U.S. TIPS ETF by 116.0% during the fourth quarter. Empower Advisory Group LLC now owns 38,301,085 shares of the company’s stock worth $989,317,000 after purchasing an additional 20,565,226 shares during the last quarter. Quadratic Capital Management LLC increased its stake in Schwab U.S. TIPS ETF by 24.5% in the 4th quarter. Quadratic Capital Management LLC now owns 14,235,092 shares of the company’s stock worth $367,692,000 after buying an additional 2,803,683 shares during the period. JPMorgan Chase & Co. lifted its holdings in Schwab U.S. TIPS ETF by 17.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,972,150 shares of the company’s stock valued at $534,806,000 after buying an additional 1,458,886 shares in the last quarter. CENTRAL TRUST Co boosted its position in Schwab U.S. TIPS ETF by 92.2% in the 4th quarter. CENTRAL TRUST Co now owns 5,872,188 shares of the company’s stock valued at $151,679,000 after buying an additional 2,817,586 shares during the period. Finally, Cerity Partners LLC grew its stake in Schwab U.S. TIPS ETF by 19.8% in the 3rd quarter. Cerity Partners LLC now owns 3,922,743 shares of the company’s stock worth $210,377,000 after acquiring an additional 648,333 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Up 0.5 %

Shares of NYSEARCA:SCHP opened at $26.54 on Wednesday. The firm’s 50 day simple moving average is $26.02 and its 200-day simple moving average is $26.30. Schwab U.S. TIPS ETF has a one year low of $25.46 and a one year 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.