Osaic Holdings Inc. Raises Stock Position in Schwab U.S. TIPS ETF $SCHP

Osaic Holdings Inc. grew its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 17.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 407,018 shares of the company’s stock after purchasing an additional 59,134 shares during the period. Osaic Holdings Inc.’s holdings in Schwab U.S. TIPS ETF were worth $10,874,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wealthfront Advisers LLC boosted its stake in Schwab U.S. TIPS ETF by 13.3% in the 2nd 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. Empower Advisory Group LLC increased its position 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 valued at $1,138,643,000 after acquiring an additional 2,007,959 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in Schwab U.S. TIPS ETF in the 2nd quarter worth $28,606,000. Prentice Wealth Management LLC raised its stake in Schwab U.S. TIPS ETF by 179.0% in the 2nd quarter. Prentice Wealth Management LLC now owns 928,865 shares of the company’s stock worth $24,782,000 after acquiring an additional 595,943 shares during the last quarter. Finally, Matrix Trust Co lifted its position in Schwab U.S. TIPS ETF by 48.6% during the 2nd quarter. Matrix Trust Co now owns 1,606,096 shares of the company’s stock worth $42,851,000 after acquiring an additional 525,519 shares during the period.

Schwab U.S. TIPS ETF Trading Down 0.9%

SCHP opened at $26.48 on Friday. The firm has a fifty day moving average price of $26.86 and a 200 day moving average price of $26.76. Schwab U.S. TIPS ETF has a 1 year low of $25.68 and a 1 year high of $27.19.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised Schwab U.S. TIPS ETF to a “hold” rating in a report on Friday, December 5th.

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.