Schwab U.S. TIPS ETF $SCHP Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC increased its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 20.0% in the 4th quarter, HoldingsChannel reports. The firm owned 991,064 shares of the company’s stock after purchasing an additional 165,360 shares during the period. HighTower Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $26,253,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC raised its holdings in Schwab U.S. TIPS ETF by 11.6% during the third quarter. Wealthfront Advisers LLC now owns 35,688,247 shares of the company’s stock worth $961,798,000 after purchasing an additional 3,718,170 shares in the last quarter. US Bancorp DE increased its position in Schwab U.S. TIPS ETF by 899.8% during the 3rd quarter. US Bancorp DE now owns 16,265,679 shares of the company’s stock worth $438,361,000 after purchasing an additional 14,638,820 shares during the period. Quadratic Capital Management LLC increased its position in Schwab U.S. TIPS ETF by 23.2% during the 4th quarter. Quadratic Capital Management LLC now owns 14,499,201 shares of the company’s stock worth $384,084,000 after purchasing an additional 2,732,156 shares during the period. JPMorgan Chase & Co. increased its position in Schwab U.S. TIPS ETF by 3.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,174,158 shares of the company’s stock worth $381,994,000 after purchasing an additional 531,185 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Schwab U.S. TIPS ETF by 4.0% in the 3rd quarter. Sei Investments Co. now owns 11,824,350 shares of the company’s stock valued at $318,667,000 after buying an additional 458,736 shares during the period.

Schwab U.S. TIPS ETF Price Performance

SCHP opened at $26.63 on Friday. The business has a 50 day simple moving average of $26.73 and a 200-day simple moving average of $26.71. Schwab U.S. TIPS ETF has a 12 month low of $26.20 and a 12 month high of $27.19.

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.