Live Oak Investment Partners Acquires New Shares in Schwab U.S. TIPS ETF $SCHP

Live Oak Investment Partners bought a new stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 196,374 shares of the company’s stock, valued at approximately $5,292,000. Schwab U.S. TIPS ETF accounts for about 3.9% of Live Oak Investment Partners’ portfolio, making the stock its 4th biggest holding.

A number of other large investors have also recently made changes to their positions in SCHP. Empower Advisory Group LLC lifted its holdings in Schwab U.S. TIPS ETF by 4.9% during the 2nd quarter. Empower Advisory Group LLC now owns 42,677,764 shares of the company’s stock worth $1,138,643,000 after purchasing an additional 2,007,959 shares in the last quarter. Wealthfront Advisers LLC grew its stake in Schwab U.S. TIPS ETF by 13.3% during the second quarter. Wealthfront Advisers LLC now owns 31,970,077 shares of the company’s stock valued at $852,962,000 after acquiring an additional 3,749,147 shares in the last quarter. Quadratic Capital Management LLC increased its holdings in Schwab U.S. TIPS ETF by 32.3% during the 3rd quarter. Quadratic Capital Management LLC now owns 11,767,045 shares of the company’s stock worth $317,122,000 after acquiring an additional 2,870,303 shares during the period. Sei Investments Co. lifted its stake in Schwab U.S. TIPS ETF by 2.7% in the 2nd quarter. Sei Investments Co. now owns 11,365,614 shares of the company’s stock worth $303,230,000 after purchasing an additional 295,901 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in Schwab U.S. TIPS ETF by 7.6% in the 3rd quarter. Cerity Partners LLC now owns 8,355,667 shares of the company’s stock worth $225,185,000 after purchasing an additional 587,890 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Down 0.1%

Shares of NYSEARCA:SCHP opened at $26.57 on Friday. The stock’s 50-day moving average price is $26.68 and its 200-day moving average price is $26.77. Schwab U.S. TIPS ETF has a 12-month low of $25.83 and a 12-month high of $27.19.

Analyst Upgrades and Downgrades

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 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.