Empower Advisory Group LLC Raises Holdings in Schwab U.S. TIPS ETF $SCHP

Empower Advisory Group LLC grew its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 4.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,677,764 shares of the company’s stock after purchasing an additional 2,007,959 shares during the quarter. Schwab U.S. TIPS ETF makes up 3.4% of Empower Advisory Group LLC’s portfolio, making the stock its 7th largest holding. Empower Advisory Group LLC owned about 8.66% of Schwab U.S. TIPS ETF worth $1,138,643,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wealthfront Advisers LLC grew its stake in Schwab U.S. TIPS ETF by 13.3% during the 2nd quarter. Wealthfront Advisers LLC now owns 31,970,077 shares of the company’s stock worth $852,962,000 after buying an additional 3,749,147 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Schwab U.S. TIPS ETF by 1,240.8% during the first quarter. JPMorgan Chase & Co. now owns 17,556,656 shares of the company’s stock valued at $472,102,000 after acquiring an additional 16,247,258 shares during the period. Municipal Employees Retirement System of Michigan grew its position in shares of 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 acquiring an additional 835,548 shares during the last quarter. Lincoln National Corp increased its holdings in shares of Schwab U.S. TIPS ETF by 2.6% in the 2nd quarter. Lincoln National Corp now owns 8,207,688 shares of the company’s stock worth $218,981,000 after acquiring an additional 207,635 shares during the period. Finally, Jasper Ridge Partners L.P. increased its holdings in shares of Schwab U.S. TIPS ETF by 3.8% in the 1st quarter. Jasper Ridge Partners L.P. now owns 7,808,873 shares of the company’s stock worth $209,981,000 after acquiring an additional 289,378 shares during the period.

Schwab U.S. TIPS ETF Price Performance

Schwab U.S. TIPS ETF stock opened at $26.80 on Friday. Schwab U.S. TIPS ETF has a 52-week low of $25.68 and a 52-week high of $27.19. The firm has a 50-day moving average price of $26.97 and a two-hundred day moving average price of $26.70.

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.