Marotta Asset Management Purchases 23,599 Shares of Schwab U.S. TIPS ETF $SCHP

Marotta Asset Management raised its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 506,536 shares of the company’s stock after acquiring an additional 23,599 shares during the quarter. Schwab U.S. TIPS ETF makes up about 2.5% of Marotta Asset Management’s investment portfolio, making the stock its 12th largest holding. Marotta Asset Management owned 0.09% of Schwab U.S. TIPS ETF worth $13,418,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ORG Partners LLC increased its stake in shares of Schwab U.S. TIPS ETF by 2.0% during the 3rd quarter. ORG Partners LLC now owns 19,090 shares of the company’s stock worth $515,000 after purchasing an additional 377 shares during the last quarter. Glass Jacobson Investment Advisors llc lifted its stake in Schwab U.S. TIPS ETF by 35.3% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,469 shares of the company’s stock valued at $40,000 after purchasing an additional 383 shares during the last quarter. Financial Freedom LLC grew its holdings in Schwab U.S. TIPS ETF by 0.5% during the second quarter. Financial Freedom LLC now owns 79,080 shares of the company’s stock worth $2,110,000 after purchasing an additional 405 shares during the period. Cape Investment Advisory Inc. grew its holdings in Schwab U.S. TIPS ETF by 21.2% during the third quarter. Cape Investment Advisory Inc. now owns 2,356 shares of the company’s stock worth $63,000 after purchasing an additional 412 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in Schwab U.S. TIPS ETF by 4.6% during the third quarter. Sequoia Financial Advisors LLC now owns 9,541 shares of the company’s stock worth $257,000 after buying an additional 423 shares during the last quarter.

Wall Street Analyst Weigh In

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

Schwab U.S. TIPS ETF Stock Performance

Shares of 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 business has a 50 day moving average of $26.72 and a 200-day moving average of $26.79.

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.