Fortis Advisors LLC Has $5.80 Million Position in Schwab U.S. TIPS ETF $SCHP

Fortis Advisors LLC raised its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 14.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 215,283 shares of the company’s stock after acquiring an additional 26,794 shares during the period. Schwab U.S. TIPS ETF accounts for approximately 3.3% of Fortis Advisors LLC’s holdings, making the stock its 8th biggest position. Fortis Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $5,802,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Empower Advisory Group LLC raised its position in shares of 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 worth $1,138,643,000 after purchasing an additional 2,007,959 shares during the period. Wealthfront Advisers LLC raised its holdings in Schwab U.S. TIPS ETF by 11.6% during the 3rd quarter. Wealthfront Advisers LLC now owns 35,688,247 shares of the company’s stock worth $961,798,000 after buying an additional 3,718,170 shares during the period. JPMorgan Chase & Co. increased its position in shares of Schwab U.S. TIPS ETF by 3.9% in the third quarter. JPMorgan Chase & Co. now owns 14,174,158 shares of the company’s stock worth $381,994,000 after acquiring an additional 531,185 shares in the last quarter. Quadratic Capital Management LLC lifted its position in shares of Schwab U.S. TIPS ETF by 32.3% in the 3rd quarter. Quadratic Capital Management LLC now owns 11,767,045 shares of the company’s stock valued at $317,122,000 after acquiring an additional 2,870,303 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Schwab U.S. TIPS ETF by 2.7% in the 2nd quarter. Sei Investments Co. now owns 11,365,614 shares of the company’s stock worth $303,230,000 after purchasing an additional 295,901 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA SCHP opened at $26.81 on Friday. Schwab U.S. TIPS ETF has a one year low of $25.83 and a one year high of $27.19. The business’s 50-day moving average price is $26.61 and its two-hundred day moving average price is $26.79.

Analyst Ratings Changes

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

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.