Schwab U.S. TIPS ETF $SCHP Shares Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC grew its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 11.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,688,247 shares of the company’s stock after purchasing an additional 3,718,170 shares during the period. Schwab U.S. TIPS ETF makes up about 2.3% of Wealthfront Advisers LLC’s holdings, making the stock its 11th biggest position. Wealthfront Advisers LLC owned approximately 6.52% of Schwab U.S. TIPS ETF worth $961,798,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Kohmann Bosshard Financial Services LLC increased its position in shares of Schwab U.S. TIPS ETF by 0.8% in the second quarter. Kohmann Bosshard Financial Services LLC now owns 1,246,241 shares of the company’s stock valued at $33,250,000 after buying an additional 10,425 shares in the last quarter. Abbington Investment Group purchased a new stake in shares of Schwab U.S. TIPS ETF in the third quarter valued at about $1,927,000. Armstrong Advisory Group Inc. increased its stake in shares of Schwab U.S. TIPS ETF by 6,626.5% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 621,258 shares of the company’s stock worth $16,743,000 after purchasing an additional 612,022 shares in the last quarter. Altfest L J & Co. Inc. increased its stake in shares of Schwab U.S. TIPS ETF by 2.5% during the 3rd quarter. Altfest L J & Co. Inc. now owns 1,009,579 shares of the company’s stock worth $27,208,000 after purchasing an additional 24,538 shares in the last quarter. Finally, Cambridge Capital Management LLC raised its position in shares of Schwab U.S. TIPS ETF by 8.3% during the 3rd quarter. Cambridge Capital Management LLC now owns 261,068 shares of the company’s stock worth $7,036,000 after purchasing an additional 20,043 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA:SCHP opened at $26.70 on Tuesday. The business has a 50-day moving average of $26.59 and a two-hundred day moving average of $26.78. Schwab U.S. TIPS ETF has a 12 month low of $25.83 and a 12 month high of $27.19.

Analysts Set New Price Targets

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

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.