Private Client Services LLC Boosts Stock Position in Schwab U.S. TIPS ETF $SCHP

Private Client Services LLC raised its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 21.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 133,966 shares of the company’s stock after buying an additional 23,594 shares during the quarter. Schwab U.S. TIPS ETF comprises 1.1% of Private Client Services LLC’s portfolio, making the stock its 23rd largest position. Private Client Services LLC’s holdings in Schwab U.S. TIPS ETF were worth $3,549,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Founders Financial Alliance LLC lifted its position in Schwab U.S. TIPS ETF by 392.8% in the third quarter. Founders Financial Alliance LLC now owns 961 shares of the company’s stock worth $26,000 after purchasing an additional 766 shares during the period. Financial Consulate Inc. acquired a new stake in shares of Schwab U.S. TIPS ETF during the third quarter worth approximately $29,000. Ameritas Investment Partners Inc. grew its stake in shares of Schwab U.S. TIPS ETF by 83.9% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock valued at $32,000 after buying an additional 547 shares in the last quarter. Glass Jacobson Investment Advisors llc boosted its stake in shares of Schwab U.S. TIPS ETF by 35.3% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,469 shares of the company’s stock worth $40,000 after acquiring an additional 383 shares in the last quarter. Finally, AlphaCore Capital LLC raised its holdings in Schwab U.S. TIPS ETF by 375.9% in the 3rd quarter. AlphaCore Capital LLC now owns 1,561 shares of the company’s stock worth $42,000 after acquiring an additional 1,233 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

NYSEARCA:SCHP opened at $26.58 on Friday. Schwab U.S. TIPS ETF has a 12-month low of $25.83 and a 12-month high of $27.19. The stock’s 50 day moving average price is $26.72 and its two-hundred day moving average price is $26.79.

Analyst Ratings Changes

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

Schwab U.S. TIPS ETF 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.