Lord & Richards Wealth Management LLC Has $2.77 Million Holdings in Schwab U.S. TIPS ETF $SCHP

Lord & Richards Wealth Management LLC grew its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 991.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 102,656 shares of the company’s stock after acquiring an additional 93,254 shares during the period. Schwab U.S. TIPS ETF makes up approximately 2.5% of Lord & Richards Wealth Management LLC’s portfolio, making the stock its 9th biggest position. Lord & Richards Wealth Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $2,767,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC raised its position in Schwab U.S. TIPS ETF by 0.8% in the second quarter. Kohmann Bosshard Financial Services LLC now owns 1,246,241 shares of the company’s stock valued at $33,250,000 after purchasing an additional 10,425 shares during the last quarter. Abbington Investment Group bought a new position in Schwab U.S. TIPS ETF in the 3rd quarter valued at approximately $1,927,000. Armstrong Advisory Group Inc. raised its holdings in Schwab U.S. TIPS ETF by 6,626.5% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 621,258 shares of the company’s stock valued at $16,743,000 after buying an additional 612,022 shares during the last quarter. Altfest L J & Co. Inc. grew its holdings in Schwab U.S. TIPS ETF by 2.5% during the 3rd quarter. Altfest L J & Co. Inc. now owns 1,009,579 shares of the company’s stock worth $27,208,000 after acquiring an additional 24,538 shares during the last quarter. Finally, Cambridge Capital Management LLC increased its holdings in Schwab U.S. TIPS ETF by 8.3% in the third quarter. Cambridge Capital Management LLC now owns 261,068 shares of the company’s stock valued at $7,036,000 after purchasing an additional 20,043 shares during the period.

Schwab U.S. TIPS ETF Stock Down 0.3%

Schwab U.S. TIPS ETF stock opened at $26.57 on Tuesday. Schwab U.S. TIPS ETF has a one year low of $25.83 and a one year high of $27.19. The business has a fifty day moving average price of $26.62 and a 200-day moving average price of $26.78.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised 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.