JPMorgan Chase & Co. Grows Holdings in Schwab U.S. TIPS ETF $SCHP

JPMorgan Chase & Co. raised its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,174,158 shares of the company’s stock after buying an additional 531,185 shares during the period. JPMorgan Chase & Co.’s holdings in Schwab U.S. TIPS ETF were worth $381,994,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Assetmark Inc. grew its position in shares of Schwab U.S. TIPS ETF by 4.5% in the third quarter. Assetmark Inc. now owns 2,045,996 shares of the company’s stock valued at $55,140,000 after purchasing an additional 88,125 shares in the last quarter. Kohmann Bosshard Financial Services LLC boosted its stake in Schwab U.S. TIPS ETF by 0.8% in the 2nd quarter. Kohmann Bosshard Financial Services LLC now owns 1,246,241 shares of the company’s stock worth $33,250,000 after purchasing an additional 10,425 shares during the period. Abbington Investment Group purchased a new position in Schwab U.S. TIPS ETF during the 3rd quarter valued at about $1,927,000. Armstrong Advisory Group Inc. increased its position in shares of Schwab U.S. TIPS ETF by 6,626.5% during the third quarter. Armstrong Advisory Group Inc. now owns 621,258 shares of the company’s stock valued at $16,743,000 after buying an additional 612,022 shares during the period. Finally, Altfest L J & Co. Inc. increased its position in shares of Schwab U.S. TIPS ETF by 2.5% during the third quarter. Altfest L J & Co. Inc. now owns 1,009,579 shares of the company’s stock valued at $27,208,000 after buying an additional 24,538 shares during the period.

Analyst Upgrades and Downgrades

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 Trading Down 0.1%

SCHP opened at $26.80 on Thursday. The stock has a 50-day moving average price of $26.60 and a 200-day moving average price of $26.79. Schwab U.S. TIPS ETF has a 12-month low of $25.83 and a 12-month high of $27.19.

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.