Riverpoint Wealth Management Holdings LLC Increases Holdings in Schwab U.S. TIPS ETF $SCHP

Riverpoint Wealth Management Holdings LLC increased its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 42.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 202,842 shares of the company’s stock after acquiring an additional 60,178 shares during the period. Schwab U.S. TIPS ETF makes up about 1.2% of Riverpoint Wealth Management Holdings LLC’s investment portfolio, making the stock its 13th biggest position. Riverpoint Wealth Management Holdings LLC’s holdings in Schwab U.S. TIPS ETF were worth $5,467,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Empower Advisory Group LLC boosted its position in Schwab U.S. TIPS ETF by 4.9% during the second quarter. Empower Advisory Group LLC now owns 42,677,764 shares of the company’s stock worth $1,138,643,000 after purchasing an additional 2,007,959 shares in the last quarter. Wealthfront Advisers LLC boosted its position in shares of Schwab U.S. TIPS ETF by 13.3% in the 2nd quarter. Wealthfront Advisers LLC now owns 31,970,077 shares of the company’s stock worth $852,962,000 after buying an additional 3,749,147 shares in the last quarter. Quadratic Capital Management LLC boosted its position in shares of Schwab U.S. TIPS ETF by 32.3% in the 3rd quarter. Quadratic Capital Management LLC now owns 11,767,045 shares of the company’s stock worth $317,122,000 after buying an additional 2,870,303 shares in the last quarter. Sei Investments Co. grew its stake in Schwab U.S. TIPS ETF by 2.7% in the 2nd quarter. Sei Investments Co. now owns 11,365,614 shares of the company’s stock valued at $303,230,000 after acquiring an additional 295,901 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in Schwab U.S. TIPS ETF by 7.6% during the 3rd quarter. Cerity Partners LLC now owns 8,355,667 shares of the company’s stock valued at $225,185,000 after acquiring an additional 587,890 shares in the last quarter.

Analyst Ratings Changes

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

Schwab U.S. TIPS ETF Stock Up 0.1%

Shares of NYSEARCA:SCHP opened at $26.60 on Wednesday. The business has a fifty day simple moving average of $26.61 and a 200-day simple moving average of $26.78. Schwab U.S. TIPS ETF has a 52 week low of $25.83 and a 52 week 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.