Wealthcare Advisory Partners LLC Boosts Stake in Schwab U.S. TIPS ETF $SCHP

Wealthcare Advisory Partners LLC lifted its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,422,321 shares of the company’s stock after purchasing an additional 132,391 shares during the quarter. Schwab U.S. TIPS ETF makes up 0.7% of Wealthcare Advisory Partners LLC’s investment portfolio, making the stock its 25th biggest holding. Wealthcare Advisory Partners LLC owned about 0.26% of Schwab U.S. TIPS ETF worth $37,677,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. grew its position in Schwab U.S. TIPS ETF by 4.5% during the 3rd quarter. Assetmark Inc. now owns 2,045,996 shares of the company’s stock worth $55,140,000 after purchasing an additional 88,125 shares during the last quarter. Abbington Investment Group purchased a new stake in shares of Schwab U.S. TIPS ETF in the third quarter valued at about $1,927,000. Armstrong Advisory Group Inc. raised its holdings in shares of Schwab U.S. TIPS ETF by 6,626.5% in 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 last quarter. Altfest L J & Co. Inc. boosted its stake 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 worth $27,208,000 after buying an additional 24,538 shares during the period. Finally, Cerity Partners LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 2.3% during the second quarter. Cerity Partners LLC now owns 7,767,777 shares of the company’s stock worth $207,244,000 after buying an additional 177,384 shares during the period.

Schwab U.S. TIPS ETF Stock Down 0.1%

Shares of SCHP opened at $26.43 on Friday. The stock’s 50 day moving average is $26.71 and its two-hundred day moving average is $26.78. Schwab U.S. TIPS ETF has a twelve month low of $25.83 and a twelve month high of $27.19.

Analyst Ratings Changes

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 Company 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.