LPL Financial LLC Raises Stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

LPL Financial LLC raised its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 125.8% during the fourth quarter, HoldingsChannel reports. The firm owned 1,034,911 shares of the company’s stock after buying an additional 576,580 shares during the quarter. LPL Financial LLC’s holdings in Schwab U.S. TIPS ETF were worth $26,732,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in Schwab U.S. TIPS ETF in the third quarter valued at $483,000. Brookstone Capital Management raised its position in shares of Schwab U.S. TIPS ETF by 161.2% during the 4th quarter. Brookstone Capital Management now owns 17,260 shares of the company’s stock worth $446,000 after acquiring an additional 10,651 shares in the last quarter. Allworth Financial LP lifted its stake in Schwab U.S. TIPS ETF by 820.4% during the fourth quarter. Allworth Financial LP now owns 17,976 shares of the company’s stock worth $466,000 after purchasing an additional 16,023 shares during the last quarter. Barrett & Company Inc. boosted its holdings in Schwab U.S. TIPS ETF by 100.0% in the fourth quarter. Barrett & Company Inc. now owns 14,702 shares of the company’s stock valued at $380,000 after purchasing an additional 7,351 shares in the last quarter. Finally, Independent Advisor Alliance purchased a new position in Schwab U.S. TIPS ETF in the fourth quarter valued at approximately $376,000.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA:SCHP opened at $26.78 on Friday. The firm has a 50 day simple moving average of $26.38 and a 200-day simple moving average of $26.32. Schwab U.S. TIPS ETF has a twelve month low of $25.46 and a twelve month high of $26.96.

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.