Downshift Financial LLC Makes New $705,000 Investment in Schwab U.S. TIPS ETF $SCHP

Downshift Financial LLC bought a new stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 26,449 shares of the company’s stock, valued at approximately $705,000. Schwab U.S. TIPS ETF comprises about 0.4% of Downshift Financial LLC’s investment portfolio, making the stock its 29th largest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of SCHP. US Bancorp DE boosted 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 valued at $438,361,000 after buying an additional 14,638,820 shares during the period. Quadratic Capital Management LLC lifted its holdings in Schwab U.S. TIPS ETF by 23.2% in the fourth quarter. Quadratic Capital Management LLC now owns 14,499,201 shares of the company’s stock worth $384,084,000 after acquiring an additional 2,732,156 shares during the last quarter. Sei Investments Co. lifted its holdings in Schwab U.S. TIPS ETF by 4.0% in the third quarter. Sei Investments Co. now owns 11,824,350 shares of the company’s stock worth $318,667,000 after acquiring an additional 458,736 shares during the last quarter. Cerity Partners LLC boosted its stake in Schwab U.S. TIPS ETF by 11.2% in the fourth 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 during the period. Finally, Evoke Wealth LLC grew its holdings in shares of Schwab U.S. TIPS ETF by 16.5% during the fourth quarter. Evoke Wealth LLC now owns 9,032,516 shares of the company’s stock valued at $239,272,000 after purchasing an additional 1,281,394 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of Schwab U.S. TIPS ETF stock opened at $26.49 on Friday. The business’s 50 day simple moving average is $26.70 and its 200-day simple moving average is $26.68. Schwab U.S. TIPS ETF has a twelve month low of $26.40 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.