Schwab U.S. TIPS ETF $SCHP Position Raised by Tortoise Investment Management LLC

Tortoise Investment Management LLC raised its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 5.3% in the second quarter, Holdings Channel.com reports. The firm owned 978,659 shares of the company’s stock after purchasing an additional 48,996 shares during the period. Schwab U.S. TIPS ETF comprises 1.9% of Tortoise Investment Management LLC’s portfolio, making the stock its 8th largest holding. Tortoise Investment Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $25,934,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Capital Analysts LLC raised its stake in Schwab U.S. TIPS ETF by 11.3% during the second quarter. Capital Analysts LLC now owns 486,183 shares of the company’s stock valued at $12,884,000 after buying an additional 49,391 shares during the last quarter. Summit Financial Strategies Inc. raised its position in shares of Schwab U.S. TIPS ETF by 0.9% in the 2nd quarter. Summit Financial Strategies Inc. now owns 120,481 shares of the company’s stock worth $3,193,000 after purchasing an additional 1,126 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in Schwab U.S. TIPS ETF by 11.9% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 1,964,331 shares of the company’s stock worth $52,055,000 after purchasing an additional 208,846 shares in the last quarter. NewEdge Advisors LLC grew its position in Schwab U.S. TIPS ETF by 62.1% during the 2nd quarter. NewEdge Advisors LLC now owns 125,424 shares of the company’s stock valued at $3,324,000 after purchasing an additional 48,065 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in Schwab U.S. TIPS ETF by 12.1% during the 2nd quarter. IFP Advisors Inc now owns 30,670 shares of the company’s stock valued at $813,000 after purchasing an additional 3,318 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Down 0.2%

Shares of Schwab U.S. TIPS ETF stock opened at $25.81 on Thursday. The company has a 50-day simple moving average of $26.04 and a two-hundred day simple moving average of $26.46. Schwab U.S. TIPS ETF has a 52-week low of $25.78 and a 52-week high of $27.19.

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.