Dorato Capital Management purchased a new position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 251,870 shares of the company’s stock, valued at approximately $6,700,000. Schwab U.S. TIPS ETF accounts for 5.1% of Dorato Capital Management’s investment portfolio, making the stock its 2nd largest holding.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Founders Financial Alliance LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 392.8% during the 3rd quarter. Founders Financial Alliance LLC now owns 961 shares of the company’s stock valued at $26,000 after buying an additional 766 shares in the last quarter. Financial Consulate Inc. bought a new position in shares of Schwab U.S. TIPS ETF in the 3rd quarter worth about $29,000. Olistico Wealth LLC purchased a new position in Schwab U.S. TIPS ETF during the 4th quarter valued at about $30,000. Ameritas Investment Partners Inc. lifted its position in Schwab U.S. TIPS ETF by 83.9% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock valued at $32,000 after acquiring an additional 547 shares during the period. Finally, Glass Jacobson Investment Advisors llc boosted its stake 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 worth $40,000 after acquiring an additional 383 shares in the last quarter.
Analyst Upgrades and Downgrades
Separately, Sanford C. Bernstein upgraded shares of Schwab U.S. TIPS ETF to a “hold” rating in a report on Friday, December 5th.
Schwab U.S. TIPS ETF Price Performance
Shares of SCHP opened at $26.68 on Friday. The firm has a 50 day moving average of $26.72 and a 200 day moving average of $26.77. Schwab U.S. TIPS ETF has a twelve month low of $25.83 and a twelve month high of $27.19.
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.
See Also
Want to see what other hedge funds are holding SCHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report).
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