Renaissance Technologies LLC Invests $12.64 Million in Schwab U.S. TIPS ETF $SCHP

Renaissance Technologies LLC acquired a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 474,900 shares of the company’s stock, valued at approximately $12,637,000.

A number of other large investors have also recently made changes to their positions in SCHP. Lincoln National Corp raised its holdings in Schwab U.S. TIPS ETF by 180.0% in the first quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock valued at $237,038,000 after acquiring an additional 5,726,082 shares in the last quarter. Beacon Pointe Advisors LLC grew its holdings in Schwab U.S. TIPS ETF by 839.0% during the 4th quarter. Beacon Pointe Advisors LLC now owns 3,546,615 shares of the company’s stock worth $93,950,000 after acquiring an additional 3,168,924 shares in the last quarter. Nepc LLC increased its position in shares of Schwab U.S. TIPS ETF by 64.9% in the 4th quarter. Nepc LLC now owns 7,572,111 shares of the company’s stock valued at $200,585,000 after purchasing an additional 2,980,022 shares during the last quarter. Valpey Financial Services LLC increased its position in shares of Schwab U.S. TIPS ETF by 2,722.6% in the 4th quarter. Valpey Financial Services LLC now owns 1,970,938 shares of the company’s stock valued at $52,210,000 after purchasing an additional 1,901,111 shares during the last quarter. Finally, Arax Advisory Partners purchased a new stake in shares of Schwab U.S. TIPS ETF in the 4th quarter valued at approximately $45,636,000.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP opened at $26.09 on Friday. The firm’s fifty day simple moving average is $26.39 and its 200-day simple moving average is $26.60. Schwab U.S. TIPS ETF has a twelve month low of $26.03 and a twelve 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.