Schwab U.S. TIPS ETF $SCHP is Wealthedge Investment Advisors LLC’s 9th Largest Position

Wealthedge Investment Advisors LLC lowered its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 7.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 231,840 shares of the company’s stock after selling 18,596 shares during the period. Schwab U.S. TIPS ETF comprises 2.4% of Wealthedge Investment Advisors LLC’s portfolio, making the stock its 9th largest holding. Wealthedge Investment Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $6,248,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SCHP. Brighton Jones LLC boosted its position in Schwab U.S. TIPS ETF by 211.4% during the fourth quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock worth $541,000 after acquiring an additional 14,212 shares during the last quarter. AQR Capital Management LLC raised its position in Schwab U.S. TIPS ETF by 180.7% in the first quarter. AQR Capital Management LLC now owns 76,197 shares of the company’s stock valued at $2,049,000 after purchasing an additional 49,056 shares during the period. Bessemer Group Inc. purchased a new stake in shares of Schwab U.S. TIPS ETF in the second quarter worth about $32,000. Hantz Financial Services Inc. purchased a new stake in shares of Schwab U.S. TIPS ETF during the 2nd quarter valued at about $35,000. Finally, Savvy Advisors Inc. lifted its position in Schwab U.S. TIPS ETF by 5.8% during the 2nd quarter. Savvy Advisors Inc. now owns 13,882 shares of the company’s stock worth $370,000 after acquiring an additional 767 shares in the last quarter.

Wall Street Analyst Weigh In

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 Stock Performance

NYSEARCA SCHP opened at $26.95 on Friday. The company has a 50-day moving average price of $26.63 and a two-hundred day moving average price of $26.79. Schwab U.S. TIPS ETF has a 52 week low of $25.83 and a 52 week high of $27.19.

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.