Private Client Services LLC raised its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 21.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,966 shares of the company’s stock after acquiring an additional 23,594 shares during the quarter. Schwab U.S. TIPS ETF comprises 1.1% of Private Client Services LLC’s investment portfolio, making the stock its 23rd biggest holding. Private Client Services LLC’s holdings in Schwab U.S. TIPS ETF were worth $3,549,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the stock. ORG Partners LLC raised its holdings in Schwab U.S. TIPS ETF by 2.0% during the third quarter. ORG Partners LLC now owns 19,090 shares of the company’s stock worth $515,000 after buying an additional 377 shares during the last quarter. Glass Jacobson Investment Advisors llc increased its position in shares of Schwab U.S. TIPS ETF by 35.3% during the 3rd 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 last quarter. Financial Freedom LLC raised its holdings in shares of 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 during the period. 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 valued at $63,000 after acquiring an additional 412 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in shares of Schwab U.S. TIPS ETF by 4.6% in the third 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 in the last quarter.
Analysts Set New Price Targets
Separately, Sanford C. Bernstein upgraded Schwab U.S. TIPS ETF to a “hold” rating in a research report on Friday, December 5th.
Schwab U.S. TIPS ETF Trading Down 0.7%
Shares of NYSEARCA:SCHP opened at $26.58 on Friday. Schwab U.S. TIPS ETF has a 12-month low of $25.83 and a 12-month high of $27.19. The stock has a 50 day moving average of $26.72 and a 200 day moving average of $26.79.
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.
See Also
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