SVB Wealth LLC Buys Shares of 23,619 Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

SVB Wealth LLC purchased a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the fourth quarter, Holdings Channel reports. The firm purchased 23,619 shares of the company’s stock, valued at approximately $610,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHP. Empower Advisory Group LLC lifted its stake in Schwab U.S. TIPS ETF by 116.0% in the 4th quarter. Empower Advisory Group LLC now owns 38,301,085 shares of the company’s stock worth $989,317,000 after purchasing an additional 20,565,226 shares in the last quarter. CENTRAL TRUST Co grew its position in shares of Schwab U.S. TIPS ETF by 92.2% in the fourth quarter. CENTRAL TRUST Co now owns 5,872,188 shares of the company’s stock valued at $151,679,000 after purchasing an additional 2,817,586 shares in the last quarter. Quadratic Capital Management LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 24.5% in 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 during the last quarter. JPMorgan Chase & Co. lifted its position in Schwab U.S. TIPS ETF by 17.1% during the third 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. Finally, Principal Securities Inc. boosted its stake in Schwab U.S. TIPS ETF by 3,310.7% during the fourth quarter. Principal Securities Inc. now owns 1,355,447 shares of the company’s stock worth $35,011,000 after buying an additional 1,315,706 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA:SCHP opened at $26.77 on Tuesday. The business has a fifty day moving average of $26.09 and a two-hundred day moving average of $26.31. Schwab U.S. TIPS ETF has a 52-week low of $25.46 and a 52-week 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.