Downshift Financial LLC Buys New Shares in Schwab U.S. TIPS ETF $SCHP

Downshift Financial LLC bought a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,449 shares of the company’s stock, valued at approximately $705,000. Schwab U.S. TIPS ETF makes up about 0.4% of Downshift Financial LLC’s holdings, making the stock its 29th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in the business. US Bancorp DE increased its holdings in shares of Schwab U.S. TIPS ETF by 899.8% in the third quarter. US Bancorp DE now owns 16,265,679 shares of the company’s stock valued at $438,361,000 after buying an additional 14,638,820 shares in the last quarter. Adventist Health System Sunbelt Healthcare Corp boosted its stake in shares of Schwab U.S. TIPS ETF by 29,954.5% during the 3rd quarter. Adventist Health System Sunbelt Healthcare Corp now owns 4,628,695 shares of the company’s stock worth $124,743,000 after acquiring an additional 4,613,294 shares in the last quarter. Beacon Pointe Advisors LLC grew its holdings in shares of Schwab U.S. TIPS ETF by 839.0% in the 4th quarter. Beacon Pointe Advisors LLC now owns 3,546,615 shares of the company’s stock worth $93,950,000 after acquiring an additional 3,168,924 shares during the last quarter. Nepc LLC grew its holdings in shares of Schwab U.S. TIPS ETF by 64.9% in the 4th quarter. Nepc LLC now owns 7,572,111 shares of the company’s stock worth $200,585,000 after acquiring an additional 2,980,022 shares during the last quarter. Finally, Quadratic Capital Management LLC raised its position in shares of Schwab U.S. TIPS ETF by 23.2% during the fourth quarter. Quadratic Capital Management LLC now owns 14,499,201 shares of the company’s stock worth $384,084,000 after purchasing an additional 2,732,156 shares during the period.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA SCHP opened at $26.49 on Friday. Schwab U.S. TIPS ETF has a 12 month low of $26.40 and a 12 month high of $27.19. The business has a fifty day simple moving average of $26.70 and a 200-day simple moving average of $26.68.

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.