Sage Financial Group Inc. Acquires 20,903 Shares of Schwab U.S. TIPS ETF $SCHP

Sage Financial Group Inc. lifted its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 3.5% in the 3rd quarter, Holdings Channel reports. The firm owned 617,450 shares of the company’s stock after acquiring an additional 20,903 shares during the period. Schwab U.S. TIPS ETF comprises 1.1% of Sage Financial Group Inc.’s investment portfolio, making the stock its 18th largest holding. Sage Financial Group Inc.’s holdings in Schwab U.S. TIPS ETF were worth $16,640,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SCHP. Brighton Jones LLC grew its stake in Schwab U.S. TIPS ETF by 211.4% in the 4th quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock worth $541,000 after buying an additional 14,212 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 180.7% in the 1st quarter. AQR Capital Management LLC now owns 76,197 shares of the company’s stock worth $2,049,000 after buying an additional 49,056 shares during the last quarter. Allworth Financial LP raised its position in shares of Schwab U.S. TIPS ETF by 30.3% during the 2nd quarter. Allworth Financial LP now owns 14,560 shares of the company’s stock valued at $388,000 after buying an additional 3,386 shares in the last quarter. Foundations Investment Advisors LLC purchased a new stake in shares of Schwab U.S. TIPS ETF during the 2nd quarter valued at $232,000. Finally, Empower Advisory Group LLC lifted its holdings in shares of Schwab U.S. TIPS ETF by 4.9% during the 2nd quarter. Empower Advisory Group LLC now owns 42,677,764 shares of the company’s stock worth $1,138,643,000 after acquiring an additional 2,007,959 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Down 0.2%

Shares of Schwab U.S. TIPS ETF stock opened at $26.70 on Friday. Schwab U.S. TIPS ETF has a 52-week low of $25.83 and a 52-week high of $27.19. The company has a fifty day moving average of $26.70 and a 200-day moving average of $26.80.

Analyst Upgrades and Downgrades

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

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.