Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 207.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,985,927 shares of the company’s stock after purchasing an additional 2,688,008 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Schwab U.S. TIPS ETF were worth $102,956,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SCHP. Global Retirement Partners LLC increased its stake in Schwab U.S. TIPS ETF by 2.0% in the 4th quarter. Global Retirement Partners LLC now owns 20,827 shares of the company’s stock valued at $538,000 after buying an additional 409 shares during the period. Salem Investment Counselors Inc. increased its stake in shares of Schwab U.S. TIPS ETF by 91.8% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock worth $27,000 after acquiring an additional 506 shares during the period. Community Bank N.A. raised its holdings in Schwab U.S. TIPS ETF by 100.0% during the fourth quarter. Community Bank N.A. now owns 1,052 shares of the company’s stock worth $27,000 after purchasing an additional 526 shares in the last quarter. Transcendent Capital Group LLC lifted its position in Schwab U.S. TIPS ETF by 112.1% in the fourth quarter. Transcendent Capital Group LLC now owns 1,048 shares of the company’s stock valued at $27,000 after purchasing an additional 554 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in Schwab U.S. TIPS ETF by 100.0% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 1,128 shares of the company’s stock valued at $29,000 after purchasing an additional 564 shares in the last quarter.

Schwab U.S. TIPS ETF Trading Down 0.3 %

NYSEARCA SCHP opened at $26.47 on Wednesday. The business’s 50 day moving average is $26.49 and its two-hundred day moving average is $26.32. Schwab U.S. TIPS ETF has a 12-month low of $25.46 and a 12-month high of $27.06.

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.