Schwab U.S. TIPS ETF $SCHP is Lutz Financial Services LLC’s 8th Largest Position

Lutz Financial Services LLC raised its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 7.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,990,216 shares of the company’s stock after acquiring an additional 139,767 shares during the period. Schwab U.S. TIPS ETF makes up about 3.9% of Lutz Financial Services LLC’s portfolio, making the stock its 8th biggest position. Lutz Financial Services LLC’s holdings in Schwab U.S. TIPS ETF were worth $53,636,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Founders Financial Alliance LLC grew its position in Schwab U.S. TIPS ETF by 392.8% during the third quarter. Founders Financial Alliance LLC now owns 961 shares of the company’s stock valued at $26,000 after buying an additional 766 shares during the period. Financial Consulate Inc. acquired a new position in shares of Schwab U.S. TIPS ETF during the third quarter valued at approximately $29,000. Bessemer Group Inc. purchased a new position in Schwab U.S. TIPS ETF in the 2nd quarter valued at $32,000. Ameritas Investment Partners Inc. lifted its stake in shares of Schwab U.S. TIPS ETF by 83.9% in the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock worth $32,000 after buying an additional 547 shares in the last quarter. Finally, Hantz Financial Services Inc. acquired a new position in shares of Schwab U.S. TIPS ETF during the 2nd quarter worth approximately $35,000.

Analysts Set New Price Targets

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

Schwab U.S. TIPS ETF Stock Performance

Shares of Schwab U.S. TIPS ETF stock opened at $26.83 on Tuesday. The company has a fifty day simple moving average of $26.61 and a 200-day simple moving average of $26.79. Schwab U.S. TIPS ETF has a 12-month low of $25.83 and a 12-month high of $27.19.

About Schwab U.S. TIPS ETF

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.