BlueSky Wealth Advisors LLC Has $37.38 Million Position in Schwab U.S. TIPS ETF $SCHP

BlueSky Wealth Advisors LLC lifted its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,387,002 shares of the company’s stock after purchasing an additional 40,745 shares during the period. Schwab U.S. TIPS ETF comprises 5.0% of BlueSky Wealth Advisors LLC’s investment portfolio, making the stock its 6th largest holding. BlueSky Wealth Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $37,380,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SCHP. Mogy Joel R Investment Counsel Inc. acquired a new position in Schwab U.S. TIPS ETF in the 2nd quarter valued at approximately $32,000. Bessemer Group Inc. acquired a new position in shares of Schwab U.S. TIPS ETF during the second quarter worth $32,000. Hantz Financial Services Inc. bought a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter valued at about $35,000. Bogart Wealth LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 64.1% in the second quarter. Bogart Wealth LLC now owns 1,411 shares of the company’s stock worth $38,000 after acquiring an additional 551 shares during the period. Finally, Horizon Bancorp Inc. IN bought a new stake in Schwab U.S. TIPS ETF in the second quarter valued at approximately $43,000.

Analysts Set New Price Targets

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 Price Performance

Shares of SCHP stock opened at $26.48 on Monday. Schwab U.S. TIPS ETF has a 1 year low of $25.68 and a 1 year high of $27.19. The company’s fifty day simple moving average is $26.86 and its two-hundred day simple moving average is $26.76.

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.