Schwab U.S. TIPS ETF $SCHP is Navalign LLC’s 7th Largest Position

Navalign LLC decreased its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 36.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 647,624 shares of the company’s stock after selling 367,203 shares during the quarter. Schwab U.S. TIPS ETF accounts for 4.6% of Navalign LLC’s portfolio, making the stock its 7th biggest holding. Navalign LLC’s holdings in Schwab U.S. TIPS ETF were worth $17,453,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Founders Financial Alliance LLC grew its holdings in shares of Schwab U.S. TIPS ETF by 392.8% in the third quarter. Founders Financial Alliance LLC now owns 961 shares of the company’s stock valued at $26,000 after purchasing an additional 766 shares in the last quarter. Financial Consulate Inc. bought a new stake in Schwab U.S. TIPS ETF in the third quarter worth $29,000. Ameritas Investment Partners Inc. raised its stake in 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 valued at $32,000 after purchasing an additional 547 shares in the last quarter. Glass Jacobson Investment Advisors llc lifted its position in 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 valued at $40,000 after purchasing an additional 383 shares during the last quarter. Finally, AlphaCore Capital LLC lifted its position in 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 valued at $42,000 after purchasing an additional 1,233 shares during the last quarter.

Wall Street Analysts Forecast Growth

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 Stock Performance

Schwab U.S. TIPS ETF stock opened at $26.85 on Monday. Schwab U.S. TIPS ETF has a 12-month low of $25.83 and a 12-month high of $27.19. The firm has a 50-day moving average price of $26.67 and a 200-day moving average price of $26.80.

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.