Independent Advisor Alliance Has $956,000 Stake in Schwab U.S. TIPS ETF $SCHP

Independent Advisor Alliance raised its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 148.5% in the fourth quarter, Holdings Channel reports. The fund owned 36,103 shares of the company’s stock after acquiring an additional 21,572 shares during the period. Independent Advisor Alliance’s holdings in Schwab U.S. TIPS ETF were worth $956,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHP. Brighton Jones LLC grew its stake in Schwab U.S. TIPS ETF by 211.4% in the fourth quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock valued at $541,000 after acquiring an additional 14,212 shares during the period. AQR Capital Management LLC grew its stake in Schwab U.S. TIPS ETF by 180.7% in the first quarter. AQR Capital Management LLC now owns 76,197 shares of the company’s stock valued at $2,049,000 after acquiring an additional 49,056 shares during the period. State Street Corp grew its stake in Schwab U.S. TIPS ETF by 3.0% in the second quarter. State Street Corp now owns 2,599,691 shares of the company’s stock valued at $69,360,000 after acquiring an additional 76,212 shares during the period. Main Street Financial Solutions LLC grew its stake in Schwab U.S. TIPS ETF by 25.5% in the second quarter. Main Street Financial Solutions LLC now owns 11,390 shares of the company’s stock valued at $304,000 after acquiring an additional 2,312 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Schwab U.S. TIPS ETF by 2.9% in the second quarter. Alliancebernstein L.P. now owns 7,833,720 shares of the company’s stock valued at $209,004,000 after acquiring an additional 223,281 shares during the period.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA:SCHP opened at $26.66 on Friday. Schwab U.S. TIPS ETF has a 1 year low of $26.20 and a 1 year high of $27.19. The stock has a 50-day moving average price of $26.75 and a two-hundred day moving average price of $26.73.

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.