Elm Partners Management LLC raised its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 22.7% during the third quarter, Holdings Channel.com reports. The fund owned 5,506,675 shares of the company’s stock after purchasing an additional 1,019,152 shares during the period. Schwab U.S. TIPS ETF comprises about 7.4% of Elm Partners Management LLC’s holdings, making the stock its 5th largest holding. Elm Partners Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $148,405,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the business. Financial Consulate Inc. acquired a new position in shares of Schwab U.S. TIPS ETF in the 3rd quarter valued at $29,000. Bessemer Group Inc. bought a new stake in Schwab U.S. TIPS ETF in the second quarter valued at about $32,000. Hantz Financial Services Inc. acquired a new position in Schwab U.S. TIPS ETF in the second quarter valued at about $35,000. Bogart Wealth LLC lifted its stake in Schwab U.S. TIPS ETF by 64.1% in the second quarter. Bogart Wealth LLC now owns 1,411 shares of the company’s stock valued at $38,000 after buying an additional 551 shares during the period. Finally, Glass Jacobson Investment Advisors llc boosted its holdings in Schwab U.S. TIPS ETF by 35.3% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,469 shares of the company’s stock worth $40,000 after buying an additional 383 shares during the last quarter.
Analysts Set New Price Targets
Separately, Sanford C. Bernstein raised Schwab U.S. TIPS ETF to a “hold” rating in a research note on Friday, December 5th.
Schwab U.S. TIPS ETF Stock Performance
NYSEARCA SCHP opened at $26.57 on Tuesday. Schwab U.S. TIPS ETF has a 52 week low of $25.83 and a 52 week high of $27.19. The stock’s 50 day moving average price is $26.62 and its two-hundred day moving average price is $26.78.
About Schwab U.S. TIPS ETF
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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