Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Shares Purchased by Covestor Ltd

Covestor Ltd boosted its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 111.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,903 shares of the company’s stock after buying an additional 6,278 shares during the period. Covestor Ltd’s holdings in Schwab U.S. TIPS ETF were worth $307,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Empower Advisory Group LLC grew its position in shares of Schwab U.S. TIPS ETF by 116.0% in the 4th quarter. Empower Advisory Group LLC now owns 38,301,085 shares of the company’s stock valued at $989,317,000 after buying an additional 20,565,226 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Schwab U.S. TIPS ETF in the 4th quarter worth approximately $402,061,000. Sei Investments Co. lifted its holdings in shares of Schwab U.S. TIPS ETF by 108.6% during the 4th quarter. Sei Investments Co. now owns 11,217,087 shares of the company’s stock valued at $289,734,000 after buying an additional 5,840,961 shares during the period. Lincoln National Corp increased its stake in Schwab U.S. TIPS ETF by 100.2% in the 4th quarter. Lincoln National Corp now owns 8,227,198 shares of the company’s stock worth $212,509,000 after buying an additional 4,118,522 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in Schwab U.S. TIPS ETF by 104.1% in the fourth quarter. Cerity Partners LLC now owns 8,004,393 shares of the company’s stock worth $206,753,000 after purchasing an additional 4,081,650 shares during the last quarter.

Schwab U.S. TIPS ETF Trading Down 0.2 %

NYSEARCA SCHP traded down $0.04 on Thursday, reaching $26.44. 324,246 shares of the company’s stock traded hands, compared to its average volume of 2,873,507. Schwab U.S. TIPS ETF has a fifty-two week low of $25.46 and a fifty-two week high of $27.06. The stock has a 50 day moving average price of $26.51 and a 200-day moving average price of $26.32.

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.