Manning & Napier Advisors LLC Has $2.43 Million Stock Position in Schwab U.S. TIPS ETF $SCHP

Manning & Napier Advisors LLC increased its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 1,966.6% in the 1st quarter, Holdings Channel reports. The fund owned 91,364 shares of the company’s stock after purchasing an additional 86,943 shares during the period. Manning & Napier Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $2,431,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Quadratic Capital Management LLC grew its stake in Schwab U.S. TIPS ETF by 23.2% during the 4th quarter. Quadratic Capital Management LLC now owns 14,499,201 shares of the company’s stock valued at $384,084,000 after acquiring an additional 2,732,156 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Schwab U.S. TIPS ETF by 11.2% in the fourth quarter. Cerity Partners LLC now owns 9,291,730 shares of the company’s stock worth $246,138,000 after purchasing an additional 936,063 shares in the last quarter. Evoke Wealth LLC lifted its position in shares of Schwab U.S. TIPS ETF by 16.5% in the fourth quarter. Evoke Wealth LLC now owns 9,032,516 shares of the company’s stock worth $239,272,000 after purchasing an additional 1,281,394 shares in the last quarter. CENTRAL TRUST Co boosted its holdings in shares of Schwab U.S. TIPS ETF by 5.5% during the first quarter. CENTRAL TRUST Co now owns 8,055,215 shares of the company’s stock worth $214,349,000 after purchasing an additional 421,678 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of Schwab U.S. TIPS ETF by 1.1% during the third quarter. Alliancebernstein L.P. now owns 7,918,767 shares of the company’s stock worth $213,411,000 after purchasing an additional 85,047 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

SCHP remained flat at $26.23 on Friday. 3,624,867 shares of the company were exchanged, compared to its average volume of 4,440,845. The business has a 50-day moving average price of $26.56 and a 200 day moving average price of $26.64. Schwab U.S. TIPS ETF has a 52-week low of $26.19 and a 52-week 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.