State Farm Mutual Automobile Insurance Co. increased its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 58.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,758 shares of the company’s stock after purchasing an additional 75,317 shares during the quarter. State Farm Mutual Automobile Insurance Co.’s holdings in Schwab U.S. TIPS ETF were worth $5,398,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Founders Financial Alliance LLC raised its stake in Schwab U.S. TIPS ETF by 392.8% in the third quarter. Founders Financial Alliance LLC now owns 961 shares of the company’s stock valued at $26,000 after buying an additional 766 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new stake in Schwab U.S. TIPS ETF in the fourth quarter valued at about $29,000. Olistico Wealth LLC acquired a new position in shares of Schwab U.S. TIPS ETF in the fourth quarter valued at about $30,000. Ameritas Investment Partners Inc. increased its holdings in shares of Schwab U.S. TIPS ETF by 83.9% in the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock valued at $32,000 after purchasing an additional 547 shares during the period. Finally, AlphaCore Capital LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 375.9% in the third quarter. AlphaCore Capital LLC now owns 1,561 shares of the company’s stock valued at $42,000 after purchasing an additional 1,233 shares during the period.
Schwab U.S. TIPS ETF Price Performance
Shares of SCHP stock opened at $26.42 on Tuesday. Schwab U.S. TIPS ETF has a fifty-two week low of $26.20 and a fifty-two week high of $27.19. The stock’s 50-day simple moving average is $26.72 and its 200-day simple moving average is $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.
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