Schwab U.S. TIPS ETF $SCHP Shares Purchased by Tortoise Investment Management LLC

Tortoise Investment Management LLC boosted its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 79.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,760,522 shares of the company’s stock after purchasing an additional 781,863 shares during the period. Schwab U.S. TIPS ETF comprises 3.3% of Tortoise Investment Management LLC’s holdings, making the stock its 4th largest position. Tortoise Investment Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $44,242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SCHP. Opus Financial Solutions LLC lifted its holdings in shares of Schwab U.S. TIPS ETF by 3.2% in the third quarter. Opus Financial Solutions LLC now owns 29,151 shares of the company’s stock valued at $733,000 after purchasing an additional 915 shares in the last quarter. Austin Wealth Management LLC boosted its position in shares of Schwab U.S. TIPS ETF by 2.8% during the third quarter. Austin Wealth Management LLC now owns 62,681 shares of the company’s stock worth $1,580,000 after buying an additional 1,697 shares during the period. CENTRAL TRUST Co bought a new position in shares of Schwab U.S. TIPS ETF during the third quarter worth about $207,134,000. Three Bridge Wealth Advisors LLC bought a new position in shares of Schwab U.S. TIPS ETF during the third quarter worth about $126,000. Finally, Granville Capital Inc. bought a new position in shares of Schwab U.S. TIPS ETF during the third quarter worth about $810,000.

Schwab U.S. TIPS ETF Price Performance

Shares of Schwab U.S. TIPS ETF stock opened at $25.23 on Friday. The business’s 50 day simple moving average is $25.45 and its 200 day simple moving average is $26.24. Schwab U.S. TIPS ETF has a 52-week low of $25.01 and a 52-week high of $26.99.

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.