HighTower Advisors LLC Acquires 21,964 Shares of Schwab U.S. TIPS ETF $SCHP

HighTower Advisors LLC raised its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 825,704 shares of the company’s stock after buying an additional 21,964 shares during the quarter. HighTower Advisors LLC owned about 0.15% of Schwab U.S. TIPS ETF worth $22,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of SCHP. Brighton Jones LLC grew its holdings in Schwab U.S. TIPS ETF by 211.4% during the 4th quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock valued at $541,000 after purchasing an additional 14,212 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of 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. CWM LLC grew its stake in Schwab U.S. TIPS ETF by 401.0% in the second quarter. CWM LLC now owns 37,692 shares of the company’s stock worth $1,006,000 after purchasing an additional 30,168 shares in the last quarter. Bogart Wealth LLC increased its holdings in Schwab U.S. TIPS ETF by 64.1% during the 2nd quarter. Bogart Wealth LLC now owns 1,411 shares of the company’s stock worth $38,000 after purchasing an additional 551 shares during the period. Finally, Phillips Financial Management LLC increased its holdings in Schwab U.S. TIPS ETF by 5.2% during the 2nd quarter. Phillips Financial Management LLC now owns 95,899 shares of the company’s stock worth $2,559,000 after purchasing an additional 4,722 shares during the period.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein upgraded Schwab U.S. TIPS ETF to a “hold” rating in a report on Friday, December 5th.

Schwab U.S. TIPS ETF Trading Down 0.1%

Shares of NYSEARCA:SCHP opened at $26.80 on Thursday. The business’s 50 day moving average price is $26.60 and its 200-day moving average price is $26.79. Schwab U.S. TIPS ETF has a 1 year low of $25.83 and a 1 year 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.