Foster & Motley Inc. Acquires 53,032 Shares of Schwab U.S. TIPS ETF $SCHP

Foster & Motley Inc. boosted its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 903,600 shares of the company’s stock after acquiring an additional 53,032 shares during the period. Schwab U.S. TIPS ETF accounts for about 1.3% of Foster & Motley Inc.’s investment portfolio, making the stock its 14th largest holding. Foster & Motley Inc. owned about 0.16% of Schwab U.S. TIPS ETF worth $23,936,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. US Bancorp DE raised its holdings in Schwab U.S. TIPS ETF by 899.8% in the 3rd quarter. US Bancorp DE now owns 16,265,679 shares of the company’s stock worth $438,361,000 after acquiring an additional 14,638,820 shares during the last quarter. Adventist Health System Sunbelt Healthcare Corp increased its holdings in shares of Schwab U.S. TIPS ETF by 29,954.5% in the 3rd quarter. Adventist Health System Sunbelt Healthcare Corp now owns 4,628,695 shares of the company’s stock worth $124,743,000 after purchasing an additional 4,613,294 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Schwab U.S. TIPS ETF by 9,813.6% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 3,918,443 shares of the company’s stock worth $105,602,000 after purchasing an additional 3,878,917 shares in the last quarter. Wealthfront Advisers LLC raised its stake in shares of Schwab U.S. TIPS ETF by 11.6% in the third quarter. Wealthfront Advisers LLC now owns 35,688,247 shares of the company’s stock worth $961,798,000 after purchasing an additional 3,718,170 shares during the last quarter. Finally, Quadratic Capital Management LLC raised its stake in shares of Schwab U.S. TIPS ETF by 32.3% in the third quarter. Quadratic Capital Management LLC now owns 11,767,045 shares of the company’s stock worth $317,122,000 after purchasing an additional 2,870,303 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA SCHP opened at $26.58 on Tuesday. The stock’s 50 day moving average is $26.71 and its 200 day moving average is $26.77. Schwab U.S. TIPS ETF has a 12 month low of $25.83 and a 12 month high of $27.19.

Wall Street Analyst Weigh In

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

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.