Schwab U.S. TIPS ETF $SCHP Shares Acquired by Tortoise Investment Management LLC

Tortoise Investment Management LLC increased its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 10.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 849,076 shares of the company’s stock after purchasing an additional 77,088 shares during the quarter. Schwab U.S. TIPS ETF comprises about 2.0% of Tortoise Investment Management LLC’s holdings, making the stock its 8th largest position. Tortoise Investment Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $22,883,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Founders Financial Alliance LLC lifted its holdings in Schwab U.S. TIPS ETF by 392.8% in the third quarter. Founders Financial Alliance LLC now owns 961 shares of the company’s stock valued at $26,000 after acquiring an additional 766 shares during the last quarter. Financial Consulate Inc. acquired a new stake in Schwab U.S. TIPS ETF during the third quarter worth $29,000. Ameritas Investment Partners Inc. increased its stake in Schwab U.S. TIPS ETF by 83.9% during the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock worth $32,000 after acquiring an additional 547 shares during the last quarter. Glass Jacobson Investment Advisors llc raised its position in Schwab U.S. TIPS ETF by 35.3% in the third quarter. Glass Jacobson Investment Advisors llc now owns 1,469 shares of the company’s stock valued at $40,000 after purchasing an additional 383 shares during the period. Finally, AlphaCore Capital LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 375.9% in the 3rd quarter. AlphaCore Capital LLC now owns 1,561 shares of the company’s stock valued at $42,000 after purchasing an additional 1,233 shares during the last quarter.

Wall Street Analyst Weigh In

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 Down 0.1%

Shares of NYSEARCA:SCHP opened at $26.78 on Thursday. Schwab U.S. TIPS ETF has a 1 year low of $25.83 and a 1 year high of $27.19. The firm’s 50-day moving average is $26.69 and its two-hundred day moving average is $26.80.

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.