Westover Capital Advisors LLC Has $10.41 Million Stake in Schwab U.S. TIPS ETF $SCHP

Westover Capital Advisors LLC lifted its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 6.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 389,974 shares of the company’s stock after purchasing an additional 24,279 shares during the quarter. Schwab U.S. TIPS ETF accounts for approximately 2.1% of Westover Capital Advisors LLC’s holdings, making the stock its 13th biggest holding. Westover Capital Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $10,405,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SCHP. Empower Advisory Group LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 4.9% in the 2nd quarter. Empower Advisory Group LLC now owns 42,677,764 shares of the company’s stock worth $1,138,643,000 after acquiring an additional 2,007,959 shares in the last quarter. Wealthfront Advisers LLC boosted its stake in Schwab U.S. TIPS ETF by 13.3% in the second quarter. Wealthfront Advisers LLC now owns 31,970,077 shares of the company’s stock worth $852,962,000 after purchasing an additional 3,749,147 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in 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 worth $472,102,000 after purchasing an additional 16,247,258 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its holdings 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 purchasing an additional 835,548 shares during the last quarter. Finally, Lincoln National Corp increased its stake in shares of Schwab U.S. TIPS ETF by 2.6% in the second quarter. Lincoln National Corp now owns 8,207,688 shares of the company’s stock valued at $218,981,000 after buying an additional 207,635 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

Schwab U.S. TIPS ETF stock opened at $26.80 on Tuesday. The stock has a 50-day simple moving average of $26.96 and a 200 day simple moving average of $26.70. 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 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.