Schwab U.S. TIPS ETF $SCHP is CENTRAL TRUST Co’s 3rd Largest Position

CENTRAL TRUST Co lifted its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 14.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,312,983 shares of the company’s stock after buying an additional 901,499 shares during the quarter. Schwab U.S. TIPS ETF makes up about 4.1% of CENTRAL TRUST Co’s portfolio, making the stock its 3rd biggest position. CENTRAL TRUST Co’s holdings in Schwab U.S. TIPS ETF were worth $197,085,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SCHP. Empower Advisory Group LLC increased its stake in Schwab U.S. TIPS ETF by 4.9% in 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 during the period. Wealthfront Advisers LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 11.6% during the third quarter. Wealthfront Advisers LLC now owns 35,688,247 shares of the company’s stock valued at $961,798,000 after purchasing an additional 3,718,170 shares during the period. Quadratic Capital Management LLC grew its holdings in shares of Schwab U.S. TIPS ETF by 32.3% in the third quarter. Quadratic Capital Management LLC now owns 11,767,045 shares of the company’s stock worth $317,122,000 after purchasing an additional 2,870,303 shares during the last quarter. Sei Investments Co. increased 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 worth $303,230,000 after buying an additional 295,901 shares during the period. Finally, Cerity Partners LLC lifted 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 buying an additional 587,890 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA SCHP opened at $26.82 on Friday. Schwab U.S. TIPS ETF has a 1-year low of $25.83 and a 1-year high of $27.19. The business has a fifty day moving average price of $26.59 and a 200 day moving average price of $26.78.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded shares of Schwab U.S. TIPS ETF to a “hold” rating in a research note 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.