Schwab U.S. TIPS ETF $SCHP is EQ Wealth Advisors LLC’s 4th Largest Position

EQ Wealth Advisors LLC lifted its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 22.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 430,191 shares of the company’s stock after acquiring an additional 78,325 shares during the quarter. Schwab U.S. TIPS ETF comprises approximately 7.8% of EQ Wealth Advisors LLC’s portfolio, making the stock its 4th largest position. EQ Wealth Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $11,477,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SCHP. JPMorgan Chase & Co. lifted its stake in shares of Schwab U.S. TIPS ETF by 1,240.8% in the first quarter. JPMorgan Chase & Co. now owns 17,556,656 shares of the company’s stock worth $472,102,000 after acquiring an additional 16,247,258 shares in the last quarter. Wealthfront Advisers LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 26.9% in the first quarter. Wealthfront Advisers LLC now owns 28,220,930 shares of the company’s stock worth $758,861,000 after acquiring an additional 5,986,682 shares in the last quarter. Empower Advisory Group LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 6.2% in the first quarter. Empower Advisory Group LLC now owns 40,669,805 shares of the company’s stock worth $1,093,611,000 after acquiring an additional 2,368,720 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Schwab U.S. TIPS ETF in the second quarter worth about $28,606,000. Finally, Garde Capital Inc. acquired a new position in shares of Schwab U.S. TIPS ETF in the first quarter worth about $28,300,000.

Schwab U.S. TIPS ETF Trading Down 0.0%

NYSEARCA:SCHP opened at $27.02 on Wednesday. Schwab U.S. TIPS ETF has a one year low of $25.68 and a one year high of $27.19. The business’s 50-day simple moving average is $26.89 and its 200 day simple moving average is $26.63.

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.