EQ Wealth Advisors LLC Takes $7.90 Million Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

EQ Wealth Advisors LLC purchased a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 305,919 shares of the company’s stock, valued at approximately $7,902,000. Schwab U.S. TIPS ETF accounts for 6.8% of EQ Wealth Advisors LLC’s investment portfolio, making the stock its 5th largest holding. EQ Wealth Advisors LLC owned 0.14% of Schwab U.S. TIPS ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Resonant Capital Advisors LLC lifted its holdings in shares of Schwab U.S. TIPS ETF by 125.9% during the fourth quarter. Resonant Capital Advisors LLC now owns 416,091 shares of the company’s stock worth $10,748,000 after purchasing an additional 231,932 shares during the period. Lederer & Associates Investment Counsel CA raised its position in Schwab U.S. TIPS ETF by 100.0% during the 4th quarter. Lederer & Associates Investment Counsel CA now owns 59,886 shares of the company’s stock worth $1,547,000 after buying an additional 29,943 shares during the last quarter. Panoramic Investment Advisors LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 91.6% in the 4th quarter. Panoramic Investment Advisors LLC now owns 23,984 shares of the company’s stock worth $620,000 after acquiring an additional 11,467 shares during the period. S.A. Mason LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 100.0% in the fourth quarter. S.A. Mason LLC now owns 1,520 shares of the company’s stock valued at $39,000 after acquiring an additional 760 shares in the last quarter. Finally, Magnolia Capital Advisors LLC increased its stake in shares of Schwab U.S. TIPS ETF by 96.3% during the fourth quarter. Magnolia Capital Advisors LLC now owns 35,509 shares of the company’s stock worth $917,000 after acquiring an additional 17,423 shares during the period.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA SCHP opened at $26.15 on Monday. Schwab U.S. TIPS ETF has a 52-week low of $25.46 and a 52-week high of $26.96. The firm has a 50-day moving average price of $26.03 and a 200 day moving average price of $26.29.

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.