Marotta Asset Management Purchases 23,599 Shares of Schwab U.S. TIPS ETF $SCHP

Marotta Asset Management lifted its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 4.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 506,536 shares of the company’s stock after buying an additional 23,599 shares during the quarter. Schwab U.S. TIPS ETF comprises 2.5% of Marotta Asset Management’s holdings, making the stock its 12th biggest position. Marotta Asset Management’s holdings in Schwab U.S. TIPS ETF were worth $13,418,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SCHP. ORG Partners LLC grew its stake in shares of Schwab U.S. TIPS ETF by 2.0% in the third quarter. ORG Partners LLC now owns 19,090 shares of the company’s stock valued at $515,000 after acquiring an additional 377 shares in the last quarter. Glass Jacobson Investment Advisors llc increased 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 during the period. Financial Freedom LLC raised its stake in Schwab U.S. TIPS ETF by 0.5% in the 2nd quarter. Financial Freedom LLC now owns 79,080 shares of the company’s stock worth $2,110,000 after purchasing an additional 405 shares in the last quarter. Cape Investment Advisory Inc. raised its stake in Schwab U.S. TIPS ETF by 21.2% in the 3rd quarter. Cape Investment Advisory Inc. now owns 2,356 shares of the company’s stock worth $63,000 after purchasing an additional 412 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in Schwab U.S. TIPS ETF by 4.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 9,541 shares of the company’s stock valued at $257,000 after purchasing an additional 423 shares during the period.

Wall Street Analysts Forecast Growth

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

Schwab U.S. TIPS ETF Price Performance

SCHP stock opened at $26.58 on Friday. The company’s 50-day moving average price is $26.72 and its two-hundred day moving average price is $26.79. Schwab U.S. TIPS ETF has a 12 month low of $25.83 and a 12 month 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.