Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE grew its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 97.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,856,733 shares of the company’s stock after acquiring an additional 916,632 shares during the period. Bank of America Corp DE’s holdings in Schwab U.S. TIPS ETF were worth $47,959,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SCHP. Empower Advisory Group LLC raised its stake in Schwab U.S. TIPS ETF by 116.0% during the 4th quarter. Empower Advisory Group LLC now owns 38,301,085 shares of the company’s stock worth $989,317,000 after acquiring an additional 20,565,226 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in Schwab U.S. TIPS ETF during the 4th quarter worth $402,061,000. Sei Investments Co. raised its stake in Schwab U.S. TIPS ETF by 108.6% during the 4th quarter. Sei Investments Co. now owns 11,217,087 shares of the company’s stock worth $289,734,000 after acquiring an additional 5,840,961 shares in the last quarter. Voya Investment Management LLC raised its stake in Schwab U.S. TIPS ETF by 103.8% during the 4th quarter. Voya Investment Management LLC now owns 10,955,163 shares of the company’s stock worth $282,972,000 after acquiring an additional 5,579,336 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in 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 acquiring an additional 1,458,886 shares in the last quarter.

Schwab U.S. TIPS ETF Trading Down 0.2%

Shares of NYSEARCA:SCHP opened at $26.29 on Thursday. The company’s fifty day moving average price is $26.54 and its 200 day moving average price is $26.29. Schwab U.S. TIPS ETF has a 12 month low of $25.68 and a 12 month high of $27.06.

About Schwab U.S. TIPS ETF

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.