Sherman Asset Management Inc. Has $1.35 Million Stock Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Sherman Asset Management Inc. increased its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 9.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 50,014 shares of the company’s stock after acquiring an additional 4,350 shares during the period. Schwab U.S. TIPS ETF accounts for about 1.3% of Sherman Asset Management Inc.’s holdings, making the stock its 18th biggest holding. Sherman Asset Management Inc.’s holdings in Schwab U.S. TIPS ETF were worth $1,345,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Empower Advisory Group LLC lifted its stake in Schwab U.S. TIPS ETF by 116.0% in the fourth quarter. Empower Advisory Group LLC now owns 38,301,085 shares of the company’s stock valued at $989,317,000 after acquiring an additional 20,565,226 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in Schwab U.S. TIPS ETF in the 4th quarter valued at about $402,061,000. Sei Investments Co. grew its holdings in Schwab U.S. TIPS ETF by 108.6% during the fourth quarter. Sei Investments Co. now owns 11,217,087 shares of the company’s stock worth $289,734,000 after purchasing an additional 5,840,961 shares during the period. Voya Investment Management LLC increased its position in Schwab U.S. TIPS ETF by 103.8% during the fourth quarter. Voya Investment Management LLC now owns 10,955,163 shares of the company’s stock worth $282,972,000 after buying an additional 5,579,336 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Schwab U.S. TIPS ETF by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 9,972,150 shares of the company’s stock worth $534,806,000 after buying an additional 1,458,886 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

SCHP opened at $26.23 on Monday. The stock’s fifty day simple moving average is $26.45 and its 200 day simple moving average is $26.31. Schwab U.S. TIPS ETF has a 1-year low of $25.68 and a 1-year high of $27.06.

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.