Korea Investment CORP Has $7.99 Million Stock Holdings in Schwab U.S. TIPS ETF $SCHP

Korea Investment CORP trimmed its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 50.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 296,500 shares of the company’s stock after selling 296,500 shares during the quarter. Korea Investment CORP owned approximately 0.05% of Schwab U.S. TIPS ETF worth $7,991,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Founders Financial Alliance LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 392.8% in the 3rd quarter. Founders Financial Alliance LLC now owns 961 shares of the company’s stock valued at $26,000 after buying an additional 766 shares during the last quarter. Financial Consulate Inc. acquired a new position in Schwab U.S. TIPS ETF during the third quarter worth $29,000. Ameritas Investment Partners Inc. increased its holdings 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 buying 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% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,469 shares of the company’s stock worth $40,000 after acquiring an additional 383 shares in the last quarter. Finally, AlphaCore Capital LLC raised its position in Schwab U.S. TIPS ETF by 375.9% during the third quarter. AlphaCore Capital LLC now owns 1,561 shares of the company’s stock worth $42,000 after acquiring an additional 1,233 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Schwab U.S. TIPS ETF Trading Down 0.1%

NYSEARCA:SCHP opened at $26.75 on Friday. The firm’s fifty day moving average price is $26.69 and its two-hundred day moving average price is $26.80. Schwab U.S. TIPS ETF has a one year low of $25.83 and a one year high of $27.19.

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.