Lutz Financial Services LLC Grows Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Lutz Financial Services LLC grew its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 105.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,824,302 shares of the company’s stock after buying an additional 937,323 shares during the period. Schwab U.S. TIPS ETF accounts for about 3.8% of Lutz Financial Services LLC’s portfolio, making the stock its 8th largest position. Lutz Financial Services LLC owned approximately 0.86% of Schwab U.S. TIPS ETF worth $47,122,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in Schwab U.S. TIPS ETF in the 3rd quarter worth approximately $483,000. Brookstone Capital Management boosted its stake in Schwab U.S. TIPS ETF by 161.2% in the 4th quarter. Brookstone Capital Management now owns 17,260 shares of the company’s stock worth $446,000 after purchasing an additional 10,651 shares in the last quarter. Allworth Financial LP boosted its stake in Schwab U.S. TIPS ETF by 820.4% in the 4th quarter. Allworth Financial LP now owns 17,976 shares of the company’s stock worth $466,000 after purchasing an additional 16,023 shares in the last quarter. Barrett & Company Inc. boosted its stake in Schwab U.S. TIPS ETF by 100.0% in the 4th quarter. Barrett & Company Inc. now owns 14,702 shares of the company’s stock worth $380,000 after purchasing an additional 7,351 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. boosted its stake in Schwab U.S. TIPS ETF by 105.0% in the 4th quarter. Canandaigua National Bank & Trust Co. now owns 12,252 shares of the company’s stock worth $316,000 after purchasing an additional 6,276 shares in the last quarter.

Schwab U.S. TIPS ETF Trading Up 0.3 %

SCHP stock opened at $26.39 on Friday. The firm has a 50 day moving average of $26.01 and a 200 day moving average of $26.30. Schwab U.S. TIPS ETF has a 52 week low of $25.46 and a 52 week high of $26.96.

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.