LifeGuide Financial Advisors LLC Has $48.65 Million Position in Schwab U.S. TIPS ETF $SCHP

LifeGuide Financial Advisors LLC lifted its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 9.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,837,308 shares of the company’s stock after purchasing an additional 154,957 shares during the period. Schwab U.S. TIPS ETF comprises 16.1% of LifeGuide Financial Advisors LLC’s investment portfolio, making the stock its 2nd largest position. LifeGuide Financial Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $48,652,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SCHP. Brighton Jones LLC increased its holdings in Schwab U.S. TIPS ETF by 211.4% during the 4th quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock valued at $541,000 after purchasing an additional 14,212 shares during the period. AQR Capital Management LLC lifted its holdings in Schwab U.S. TIPS ETF by 180.7% in the 1st quarter. AQR Capital Management LLC now owns 76,197 shares of the company’s stock worth $2,049,000 after buying an additional 49,056 shares during the period. Foundations Investment Advisors LLC purchased a new stake in Schwab U.S. TIPS ETF in the 2nd quarter worth approximately $232,000. Rockefeller Capital Management L.P. bought a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter worth approximately $280,000. Finally, Seeds Investor LLC grew its position in shares of Schwab U.S. TIPS ETF by 4.7% in the 2nd quarter. Seeds Investor LLC now owns 129,666 shares of the company’s stock worth $3,459,000 after buying an additional 5,852 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA:SCHP opened at $26.78 on Friday. The stock has a 50 day moving average price of $26.72 and a 200-day moving average price of $26.80. Schwab U.S. TIPS ETF has a 52-week low of $25.83 and a 52-week high of $27.19.

Analysts Set New Price Targets

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

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.