1,722,746 Shares in Schwab U.S. TIPS ETF $SCHP Acquired by Arax Advisory Partners

Arax Advisory Partners purchased a new position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,722,746 shares of the company’s stock, valued at approximately $45,636,000. Schwab U.S. TIPS ETF comprises 1.3% of Arax Advisory Partners’ investment portfolio, making the stock its 13th largest position. Arax Advisory Partners owned 0.30% of Schwab U.S. TIPS ETF at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. US Bancorp DE lifted its holdings in shares of 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 purchasing an additional 14,638,820 shares during the last quarter. Quadratic Capital Management LLC raised its stake in Schwab U.S. TIPS ETF by 23.2% during the 4th quarter. Quadratic Capital Management LLC now owns 14,499,201 shares of the company’s stock valued at $384,084,000 after acquiring an additional 2,732,156 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Schwab U.S. TIPS ETF by 3.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,174,158 shares of the company’s stock valued at $381,994,000 after acquiring an additional 531,185 shares in the last quarter. Sei Investments Co. raised its stake in Schwab U.S. TIPS ETF by 4.0% during the 3rd quarter. Sei Investments Co. now owns 11,824,350 shares of the company’s stock valued at $318,667,000 after acquiring an additional 458,736 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in Schwab U.S. TIPS ETF by 11.2% during the 4th quarter. Cerity Partners LLC now owns 9,291,730 shares of the company’s stock valued at $246,138,000 after acquiring an additional 936,063 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Up 0.0%

Shares of Schwab U.S. TIPS ETF stock opened at $26.54 on Friday. The business’s fifty day moving average price is $26.72 and its two-hundred day moving average price is $26.69. Schwab U.S. TIPS ETF has a 1-year low of $26.27 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.