Foster & Motley Inc. Has $22.20 Million Stock Position in Schwab U.S. TIPS ETF $SCHP

Foster & Motley Inc. lifted its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 832,189 shares of the company’s stock after acquiring an additional 20,045 shares during the period. Schwab U.S. TIPS ETF makes up 1.3% of Foster & Motley Inc.’s portfolio, making the stock its 14th largest holding. Foster & Motley Inc. owned approximately 0.17% of Schwab U.S. TIPS ETF worth $22,203,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Empower Advisory Group LLC boosted its holdings in Schwab U.S. TIPS ETF by 6.2% in the 1st quarter. Empower Advisory Group LLC now owns 40,669,805 shares of the company’s stock valued at $1,093,611,000 after purchasing an additional 2,368,720 shares during the period. Wealthfront Advisers LLC raised its position in shares of Schwab U.S. TIPS ETF by 26.9% during the first quarter. Wealthfront Advisers LLC now owns 28,220,930 shares of the company’s stock valued at $758,861,000 after buying an additional 5,986,682 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Schwab U.S. TIPS ETF by 1,240.8% in the first quarter. JPMorgan Chase & Co. now owns 17,556,656 shares of the company’s stock valued at $472,102,000 after buying an additional 16,247,258 shares during the period. Municipal Employees Retirement System of Michigan grew its position in Schwab U.S. TIPS ETF by 5.4% during the first quarter. Municipal Employees Retirement System of Michigan now owns 16,401,227 shares of the company’s stock worth $441,029,000 after buying an additional 835,548 shares in the last quarter. Finally, Jasper Ridge Partners L.P. grew its position in Schwab U.S. TIPS ETF by 3.8% during the first quarter. Jasper Ridge Partners L.P. now owns 7,808,873 shares of the company’s stock worth $209,981,000 after buying an additional 289,378 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP opened at $27.03 on Friday. The stock’s 50-day moving average price is $26.91 and its 200 day moving average price is $26.64. Schwab U.S. TIPS ETF has a 12-month low of $25.68 and a 12-month high of $27.19.

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.