Schwab U.S. TIPS ETF $SCHP Holdings Boosted by Tortoise Investment Management LLC

Tortoise Investment Management LLC grew its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 10.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 849,076 shares of the company’s stock after purchasing an additional 77,088 shares during the quarter. Schwab U.S. TIPS ETF makes up 2.0% of Tortoise Investment Management LLC’s holdings, making the stock its 8th biggest position. Tortoise Investment Management LLC owned about 0.16% of Schwab U.S. TIPS ETF worth $22,883,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. White Lighthouse Investment Management Inc. boosted its holdings in Schwab U.S. TIPS ETF by 3.0% in the 3rd quarter. White Lighthouse Investment Management Inc. now owns 87,350 shares of the company’s stock worth $2,354,000 after buying an additional 2,521 shares during the last quarter. UBS Group AG raised its holdings in shares of Schwab U.S. TIPS ETF by 1.4% during the third quarter. UBS Group AG now owns 5,336,434 shares of the company’s stock valued at $143,817,000 after acquiring an additional 75,319 shares during the last quarter. SageView Advisory Group LLC lifted its position in shares of Schwab U.S. TIPS ETF by 255.8% in the third quarter. SageView Advisory Group LLC now owns 68,697 shares of the company’s stock valued at $1,851,000 after acquiring an additional 49,389 shares in the last quarter. PFC Capital Group Inc. boosted its stake in shares of Schwab U.S. TIPS ETF by 33.5% in the third quarter. PFC Capital Group Inc. now owns 66,486 shares of the company’s stock worth $1,791,000 after acquiring an additional 16,670 shares during the last quarter. Finally, Pinkerton Wealth LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 1.8% in the third quarter. Pinkerton Wealth LLC now owns 38,649 shares of the company’s stock worth $1,042,000 after acquiring an additional 665 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of SCHP stock opened at $26.78 on Thursday. Schwab U.S. TIPS ETF has a twelve month low of $25.83 and a twelve month high of $27.19. The company’s 50-day moving average price is $26.69 and its 200-day moving average price is $26.80.

Analyst Ratings Changes

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 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.