Schwab U.S. TIPS ETF (NYSEARCA:SCHP) is Hart & Patterson Financial Group LLC’s 9th Largest Position

Hart & Patterson Financial Group LLC increased its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 107.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 270,766 shares of the company’s stock after purchasing an additional 139,989 shares during the period. Schwab U.S. TIPS ETF accounts for 3.4% of Hart & Patterson Financial Group LLC’s portfolio, making the stock its 9th biggest position. Hart & Patterson Financial Group LLC’s holdings in Schwab U.S. TIPS ETF were worth $6,994,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in Schwab U.S. TIPS ETF by 24.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,467,323 shares of the company’s stock valued at $76,315,000 after acquiring an additional 290,069 shares in the last quarter. SigFig Wealth Management LLC increased its holdings in Schwab U.S. TIPS ETF by 6.5% in the 2nd quarter. SigFig Wealth Management LLC now owns 22,765 shares of the company’s stock worth $1,184,000 after buying an additional 1,399 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Schwab U.S. TIPS ETF in the 2nd quarter worth about $943,000. Marshall Financial Group Inc. ADV lifted its stake in Schwab U.S. TIPS ETF by 0.7% during the 2nd quarter. Marshall Financial Group Inc. ADV now owns 399,730 shares of the company’s stock valued at $20,790,000 after acquiring an additional 2,809 shares during the period. Finally, Brighton Jones LLC grew its stake in shares of Schwab U.S. TIPS ETF by 16.4% in the second quarter. Brighton Jones LLC now owns 8,954 shares of the company’s stock worth $466,000 after acquiring an additional 1,264 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP stock opened at $25.72 on Tuesday. The firm’s 50 day moving average is $26.08 and its 200 day moving average is $26.30. Schwab U.S. TIPS ETF has a 12-month low of $25.46 and a 12-month 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.