Tandemgrowth Financial Advisors LLC Makes New Investment in Schwab U.S. TIPS ETF $SCHP

Tandemgrowth Financial Advisors LLC acquired a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 618,967 shares of the company’s stock, valued at approximately $16,396,000. Schwab U.S. TIPS ETF accounts for 14.3% of Tandemgrowth Financial Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. Tandemgrowth Financial Advisors LLC owned about 0.11% of Schwab U.S. TIPS ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHP. Brighton Jones LLC boosted its position in Schwab U.S. TIPS ETF by 211.4% during the fourth quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock worth $541,000 after purchasing an additional 14,212 shares during the period. AQR Capital Management LLC boosted its position in Schwab U.S. TIPS ETF by 180.7% during the first quarter. AQR Capital Management LLC now owns 76,197 shares of the company’s stock worth $2,049,000 after purchasing an additional 49,056 shares during the period. State Street Corp boosted its position in Schwab U.S. TIPS ETF by 3.0% during the second quarter. State Street Corp now owns 2,599,691 shares of the company’s stock worth $69,360,000 after purchasing an additional 76,212 shares during the period. Main Street Financial Solutions LLC boosted its position in Schwab U.S. TIPS ETF by 25.5% during the second quarter. Main Street Financial Solutions LLC now owns 11,390 shares of the company’s stock worth $304,000 after purchasing an additional 2,312 shares during the period. Finally, Alliancebernstein L.P. boosted its position in Schwab U.S. TIPS ETF by 2.9% during the second quarter. Alliancebernstein L.P. now owns 7,833,720 shares of the company’s stock worth $209,004,000 after purchasing an additional 223,281 shares during the period.

Schwab U.S. TIPS ETF Stock Up 0.3%

SCHP stock opened at $26.53 on Friday. The company has a fifty day moving average price of $26.72 and a two-hundred day moving average price of $26.69. Schwab U.S. TIPS ETF has a one year low of $26.27 and a one year high of $27.19.

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.