Lutz Financial Services LLC Raises Stock Holdings in Schwab U.S. TIPS ETF $SCHP

Lutz Financial Services LLC grew its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 10.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,206,735 shares of the company’s stock after acquiring an additional 216,519 shares during the quarter. Schwab U.S. TIPS ETF comprises approximately 4.0% of Lutz Financial Services LLC’s investment portfolio, making the stock its 8th largest position. Lutz Financial Services LLC’s holdings in Schwab U.S. TIPS ETF were worth $58,456,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Founders Financial Alliance LLC boosted its position in shares of Schwab U.S. TIPS ETF by 392.8% during the third quarter. Founders Financial Alliance LLC now owns 961 shares of the company’s stock worth $26,000 after purchasing an additional 766 shares in the last quarter. Olistico Wealth LLC bought a new position in shares of Schwab U.S. TIPS ETF during the fourth quarter worth $30,000. Ameritas Investment Partners Inc. boosted its position in shares of Schwab U.S. TIPS ETF by 83.9% during the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock worth $32,000 after purchasing an additional 547 shares in the last quarter. Glass Jacobson Investment Advisors llc boosted its position in shares of Schwab U.S. TIPS ETF by 35.3% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,469 shares of the company’s stock worth $40,000 after purchasing an additional 383 shares in the last quarter. Finally, AlphaCore Capital LLC boosted its position in shares of Schwab U.S. TIPS ETF by 375.9% during the third quarter. AlphaCore Capital LLC now owns 1,561 shares of the company’s stock worth $42,000 after purchasing an additional 1,233 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA SCHP opened at $26.64 on Tuesday. The company’s fifty day moving average is $26.74 and its 200-day moving average is $26.72. Schwab U.S. TIPS ETF has a twelve month low of $26.20 and a twelve 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.