Stephens Group Asset Management LLC Acquires 139,191 Shares of Schwab U.S. TIPS ETF $SCHP

Stephens Group Asset Management LLC grew its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 8.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,705,045 shares of the company’s stock after buying an additional 139,191 shares during the quarter. Schwab U.S. TIPS ETF makes up about 3.1% of Stephens Group Asset Management LLC’s investment portfolio, making the stock its 13th largest holding. Stephens Group Asset Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $45,951,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Wealthfront Advisers LLC raised its holdings in shares of Schwab U.S. TIPS ETF by 13.3% during the second quarter. Wealthfront Advisers LLC now owns 31,970,077 shares of the company’s stock valued at $852,962,000 after acquiring an additional 3,749,147 shares in the last quarter. Empower Advisory Group LLC increased its position in Schwab U.S. TIPS ETF by 4.9% during the 2nd quarter. Empower Advisory Group LLC now owns 42,677,764 shares of the company’s stock valued at $1,138,643,000 after purchasing an additional 2,007,959 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in Schwab U.S. TIPS ETF during the 2nd quarter valued at $28,606,000. Prentice Wealth Management LLC raised its holdings in Schwab U.S. TIPS ETF by 179.0% in the 2nd quarter. Prentice Wealth Management LLC now owns 928,865 shares of the company’s stock worth $24,782,000 after purchasing an additional 595,943 shares in the last quarter. Finally, Matrix Trust Co lifted its position in shares of Schwab U.S. TIPS ETF by 48.6% in the 2nd quarter. Matrix Trust Co now owns 1,606,096 shares of the company’s stock worth $42,851,000 after purchasing an additional 525,519 shares during the period.

Analyst Ratings Changes

Separately, Sanford C. Bernstein upgraded shares of Schwab U.S. TIPS ETF to a “hold” rating in a research report on Friday, December 5th.

Schwab U.S. TIPS ETF Stock Up 0.1%

Shares of Schwab U.S. TIPS ETF stock opened at $26.65 on Wednesday. The company has a 50-day simple moving average of $26.88 and a two-hundred day simple moving average of $26.76. Schwab U.S. TIPS ETF has a 52-week low of $25.68 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.