Wealthfront Advisers LLC Raises Position in Schwab U.S. TIPS ETF $SCHP

Wealthfront Advisers LLC lifted its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 11.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 35,688,247 shares of the company’s stock after acquiring an additional 3,718,170 shares during the period. Schwab U.S. TIPS ETF makes up 2.3% of Wealthfront Advisers LLC’s holdings, making the stock its 11th biggest holding. Wealthfront Advisers LLC owned about 0.07% of Schwab U.S. TIPS ETF worth $961,798,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Key Financial Inc grew its holdings in Schwab U.S. TIPS ETF by 523.8% during the 3rd quarter. Key Financial Inc now owns 2,932 shares of the company’s stock valued at $79,000 after purchasing an additional 2,462 shares in the last quarter. Signature Estate & Investment Advisors LLC grew its stake in shares of Schwab U.S. TIPS ETF by 1.2% during the third quarter. Signature Estate & Investment Advisors LLC now owns 75,680 shares of the company’s stock valued at $2,040,000 after acquiring an additional 894 shares in the last quarter. Sensible Financial Planning & Management LLC. increased its position in shares of Schwab U.S. TIPS ETF by 2.2% during the third quarter. Sensible Financial Planning & Management LLC. now owns 3,088,558 shares of the company’s stock worth $83,237,000 after acquiring an additional 66,563 shares during the last quarter. Prime Capital Investment Advisors LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 2.3% in the third quarter. Prime Capital Investment Advisors LLC now owns 2,056,282 shares of the company’s stock worth $55,417,000 after acquiring an additional 46,293 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in shares of Schwab U.S. TIPS ETF by 15.2% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 33,959 shares of the company’s stock worth $915,000 after acquiring an additional 4,468 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein upgraded Schwab U.S. TIPS ETF to a “hold” rating in a report on Friday, December 5th.

Schwab U.S. TIPS ETF Trading Up 0.1%

SCHP opened at $26.70 on Tuesday. The company’s 50-day moving average price is $26.59 and its 200 day moving average price is $26.78. Schwab U.S. TIPS ETF has a fifty-two week low of $25.83 and a fifty-two week high of $27.19.

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.