Schwab U.S. TIPS ETF $SCHP Stake Raised by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. raised its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 9,813.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,918,443 shares of the company’s stock after acquiring an additional 3,878,917 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Schwab U.S. TIPS ETF were worth $105,602,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Empower Advisory Group LLC lifted its stake in Schwab U.S. TIPS ETF by 4.9% during the second 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 last quarter. Wealthfront Advisers LLC grew its position in Schwab U.S. TIPS ETF by 13.3% in the second quarter. Wealthfront Advisers LLC now owns 31,970,077 shares of the company’s stock worth $852,962,000 after buying an additional 3,749,147 shares during the last quarter. Quadratic Capital Management LLC grew its position in Schwab U.S. TIPS ETF by 32.3% in the third quarter. Quadratic Capital Management LLC now owns 11,767,045 shares of the company’s stock worth $317,122,000 after buying an additional 2,870,303 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Schwab U.S. TIPS ETF by 2.7% in the second quarter. Sei Investments Co. now owns 11,365,614 shares of the company’s stock valued at $303,230,000 after buying an additional 295,901 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in shares of Schwab U.S. TIPS ETF by 7.6% during the 3rd quarter. Cerity Partners LLC now owns 8,355,667 shares of the company’s stock valued at $225,185,000 after acquiring an additional 587,890 shares during the last quarter.

Schwab U.S. TIPS ETF Trading Down 0.0%

Shares of SCHP stock opened at $26.52 on Friday. Schwab U.S. TIPS ETF has a 1-year low of $25.83 and a 1-year high of $27.19. The stock’s fifty day simple moving average is $26.65 and its 200-day simple moving average is $26.77.

Analyst Ratings Changes

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

About Schwab U.S. TIPS ETF

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.