Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Holdings Lifted by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 86.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 88,511 shares of the company’s stock after purchasing an additional 41,069 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Schwab U.S. TIPS ETF were worth $2,286,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Phillips Financial Management LLC grew its stake in shares of Schwab U.S. TIPS ETF by 181.6% in the 4th quarter. Phillips Financial Management LLC now owns 87,330 shares of the company’s stock worth $2,256,000 after purchasing an additional 56,317 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in Schwab U.S. TIPS ETF by 60.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 211,670 shares of the company’s stock worth $5,467,000 after buying an additional 79,793 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Schwab U.S. TIPS ETF by 116.9% during the fourth quarter. Farther Finance Advisors LLC now owns 16,614 shares of the company’s stock worth $429,000 after buying an additional 8,954 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Schwab U.S. TIPS ETF by 69.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 22,160 shares of the company’s stock worth $572,000 after buying an additional 9,063 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 100.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 61,373 shares of the company’s stock valued at $1,585,000 after buying an additional 30,762 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

SCHP opened at $26.63 on Friday. The business has a fifty day simple moving average of $26.37 and a 200-day simple moving average of $26.32. Schwab U.S. TIPS ETF has a fifty-two week low of $25.46 and a fifty-two week 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.