Sagace Wealth Management LLC Buys 149,470 Shares of Schwab U.S. TIPS ETF $SCHP

Sagace Wealth Management LLC increased its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 483.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 180,391 shares of the company’s stock after purchasing an additional 149,470 shares during the period. Schwab U.S. TIPS ETF accounts for 3.3% of Sagace Wealth Management LLC’s portfolio, making the stock its 7th largest position. Sagace Wealth Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $4,862,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 211.4% during the fourth quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock valued at $541,000 after acquiring an additional 14,212 shares during the period. Raymond James Financial Inc. increased its stake in shares of Schwab U.S. TIPS ETF by 3.8% in the first quarter. Raymond James Financial Inc. now owns 764,480 shares of the company’s stock valued at $20,557,000 after purchasing an additional 27,917 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Schwab U.S. TIPS ETF by 382.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 130,987 shares of the company’s stock valued at $3,522,000 after buying an additional 103,832 shares during the last quarter. Quadcap Wealth Management LLC boosted its position in shares of Schwab U.S. TIPS ETF by 11.4% during the first quarter. Quadcap Wealth Management LLC now owns 11,193 shares of the company’s stock worth $301,000 after buying an additional 1,144 shares during the period. Finally, CreativeOne Wealth LLC boosted its position in shares of Schwab U.S. TIPS ETF by 3.3% during the first quarter. CreativeOne Wealth LLC now owns 252,415 shares of the company’s stock worth $6,787,000 after buying an additional 8,138 shares during the period.

Analyst Upgrades and Downgrades

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

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA:SCHP opened at $26.52 on Thursday. Schwab U.S. TIPS ETF has a 1-year low of $25.68 and a 1-year high of $27.19. The company has a 50 day moving average price of $26.83 and a 200 day moving average price of $26.76.

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.