Exchange Traded Concepts LLC Has $2.75 Million Stake in Schwab U.S. TIPS ETF $SCHP

Exchange Traded Concepts LLC raised its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 109.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 103,634 shares of the company’s stock after purchasing an additional 54,152 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Schwab U.S. TIPS ETF were worth $2,745,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Founders Financial Alliance LLC lifted its stake 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 buying an additional 766 shares during the period. Financial Consulate Inc. acquired a new position in Schwab U.S. TIPS ETF in the 3rd quarter valued at approximately $29,000. Olistico Wealth LLC acquired a new position in Schwab U.S. TIPS ETF in the 4th quarter valued at approximately $30,000. Ameritas Investment Partners Inc. lifted its position in shares of Schwab U.S. TIPS ETF by 83.9% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock worth $32,000 after acquiring an additional 547 shares during the period. Finally, Glass Jacobson Investment Advisors llc lifted its position in shares of Schwab U.S. TIPS ETF by 35.3% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,469 shares of the company’s stock worth $40,000 after acquiring an additional 383 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

Schwab U.S. TIPS ETF stock opened at $26.61 on Wednesday. The business has a 50 day simple moving average of $26.72 and a 200 day simple moving average of $26.77. Schwab U.S. TIPS ETF has a one year low of $25.83 and a one year high of $27.19.

Wall Street Analysts Forecast Growth

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

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.