Verde Capital Management Purchases 75,742 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Verde Capital Management raised its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 106.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 147,008 shares of the company’s stock after buying an additional 75,742 shares during the quarter. Schwab U.S. TIPS ETF comprises about 1.1% of Verde Capital Management’s portfolio, making the stock its 18th largest holding. Verde Capital Management’s holdings in Schwab U.S. TIPS ETF were worth $3,797,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SCHP. Quadratic Capital Management LLC raised its position in Schwab U.S. TIPS ETF by 24.5% during the fourth quarter. Quadratic Capital Management LLC now owns 14,235,092 shares of the company’s stock valued at $367,692,000 after purchasing an additional 2,803,683 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Schwab U.S. TIPS ETF by 17.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,972,150 shares of the company’s stock worth $534,806,000 after buying an additional 1,458,886 shares in the last quarter. Stephens Group Asset Management LLC lifted its position in shares of Schwab U.S. TIPS ETF by 105.9% during the 4th quarter. Stephens Group Asset Management LLC now owns 1,696,759 shares of the company’s stock worth $43,827,000 after buying an additional 872,511 shares during the last quarter. Empower Advisory Group LLC grew its position in Schwab U.S. TIPS ETF by 5.1% in the third quarter. Empower Advisory Group LLC now owns 17,735,859 shares of the company’s stock valued at $951,174,000 after acquiring an additional 857,417 shares during the last quarter. Finally, LifeGuide Financial Advisors LLC raised its stake in Schwab U.S. TIPS ETF by 110.6% during the fourth quarter. LifeGuide Financial Advisors LLC now owns 1,567,621 shares of the company’s stock worth $40,492,000 after acquiring an additional 823,329 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

SCHP opened at $25.96 on Friday. The company’s 50 day moving average is $26.04 and its 200-day moving average is $26.30. Schwab U.S. TIPS ETF has a 1-year low of $25.46 and a 1-year high of $26.96.

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.