HighTower Advisors LLC Boosts Holdings in Schwab U.S. TIPS ETF $SCHP

HighTower Advisors LLC lifted its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 20.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 991,064 shares of the company’s stock after buying an additional 165,360 shares during the period. HighTower Advisors LLC owned approximately 0.17% of Schwab U.S. TIPS ETF worth $26,253,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assetmark Inc. grew its position in Schwab U.S. TIPS ETF by 4.5% during the 3rd quarter. Assetmark Inc. now owns 2,045,996 shares of the company’s stock worth $55,140,000 after purchasing an additional 88,125 shares during the last quarter. CENTRAL TRUST Co grew its position in Schwab U.S. TIPS ETF by 14.1% during the 3rd quarter. CENTRAL TRUST Co now owns 7,312,983 shares of the company’s stock worth $197,085,000 after purchasing an additional 901,499 shares during the last quarter. Clearstead Advisors LLC grew its position in Schwab U.S. TIPS ETF by 34,125.7% during the 3rd quarter. Clearstead Advisors LLC now owns 101,308 shares of the company’s stock worth $2,730,000 after purchasing an additional 101,012 shares during the last quarter. Dorato Capital Management purchased a new position in Schwab U.S. TIPS ETF during the 4th quarter worth $6,700,000. Finally, Baker Ellis Asset Management LLC purchased a new position in Schwab U.S. TIPS ETF during the 4th quarter worth $2,137,000.

Schwab U.S. TIPS ETF Price Performance

Shares of Schwab U.S. TIPS ETF stock opened at $26.63 on Friday. Schwab U.S. TIPS ETF has a 1 year low of $26.20 and a 1 year high of $27.19. The company’s fifty day moving average is $26.73 and its two-hundred day moving average is $26.71.

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.