Matrix Trust Co raised its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 108.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,151,851 shares of the company’s stock after buying an additional 598,361 shares during the period. Schwab U.S. TIPS ETF comprises approximately 5.2% of Matrix Trust Co’s investment portfolio, making the stock its 7th biggest position. Matrix Trust Co owned approximately 0.55% of Schwab U.S. TIPS ETF worth $29,752,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new stake in shares of Schwab U.S. TIPS ETF in the 3rd quarter valued at approximately $63,000. Fairscale Capital LLC purchased a new stake in shares of Schwab U.S. TIPS ETF in the second quarter valued at $105,000. CWM LLC boosted its position in shares of Schwab U.S. TIPS ETF by 13.9% in the third quarter. CWM LLC now owns 2,810 shares of the company’s stock worth $151,000 after buying an additional 344 shares during the period. Cannon Financial Strategists Inc. purchased a new position in shares of Schwab U.S. TIPS ETF during the third quarter valued at $200,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in Schwab U.S. TIPS ETF during the third quarter valued at $202,000.
Schwab U.S. TIPS ETF Stock Performance
Shares of NYSEARCA SCHP opened at $25.69 on Monday. Schwab U.S. TIPS ETF has a one year low of $25.46 and a one year high of $26.96. The business has a 50-day moving average price of $26.09 and a two-hundred day moving average price of $26.30.
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.
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