Tortoise Investment Management LLC Boosts Position in Schwab U.S. TIPS ETF $SCHP

Tortoise Investment Management LLC raised its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 895,124 shares of the company’s stock after acquiring an additional 46,048 shares during the period. Schwab U.S. TIPS ETF makes up about 2.1% of Tortoise Investment Management LLC’s investment portfolio, making the stock its 9th largest position. Tortoise Investment Management LLC owned 0.16% of Schwab U.S. TIPS ETF worth $23,712,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SCHP. Brighton Jones LLC increased 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 valued at $541,000 after acquiring an additional 14,212 shares during the last quarter. AQR Capital Management LLC increased 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 valued at $2,049,000 after acquiring an additional 49,056 shares during the last quarter. State Street Corp increased 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 valued at $69,360,000 after acquiring an additional 76,212 shares during the last quarter. Main Street Financial Solutions LLC increased 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 valued at $304,000 after acquiring an additional 2,312 shares during the last quarter. Finally, Alliancebernstein L.P. increased 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 valued at $209,004,000 after acquiring an additional 223,281 shares during the last quarter.

Schwab U.S. TIPS ETF Trading Down 0.1%

SCHP stock opened at $26.64 on Tuesday. Schwab U.S. TIPS ETF has a twelve month low of $26.20 and a twelve month high of $27.19. The firm’s fifty day simple moving average is $26.74 and its two-hundred day simple moving average is $26.72.

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.