Proffitt & Goodson Inc. Grows Position in Schwab U.S. TIPS ETF $SCHP

Proffitt & Goodson Inc. boosted its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 522,362 shares of the company’s stock after acquiring an additional 6,337 shares during the quarter. Schwab U.S. TIPS ETF comprises approximately 2.1% of Proffitt & Goodson Inc.’s portfolio, making the stock its 12th biggest holding. Proffitt & Goodson Inc. owned about 0.11% of Schwab U.S. TIPS ETF worth $13,937,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Empower Advisory Group LLC raised its position in Schwab U.S. TIPS ETF by 6.2% in the first quarter. Empower Advisory Group LLC now owns 40,669,805 shares of the company’s stock worth $1,093,611,000 after acquiring an additional 2,368,720 shares in the last quarter. Wealthfront Advisers LLC raised its position in Schwab U.S. TIPS ETF by 26.9% in the first quarter. Wealthfront Advisers LLC now owns 28,220,930 shares of the company’s stock worth $758,861,000 after acquiring an additional 5,986,682 shares in the last quarter. JPMorgan Chase & Co. raised its position in Schwab U.S. TIPS ETF by 1,240.8% in the first quarter. JPMorgan Chase & Co. now owns 17,556,656 shares of the company’s stock worth $472,102,000 after acquiring an additional 16,247,258 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Schwab U.S. TIPS ETF by 5.4% in the first quarter. Municipal Employees Retirement System of Michigan now owns 16,401,227 shares of the company’s stock valued at $441,029,000 after buying an additional 835,548 shares in the last quarter. Finally, Jasper Ridge Partners L.P. increased its position in shares of Schwab U.S. TIPS ETF by 3.8% in the first quarter. Jasper Ridge Partners L.P. now owns 7,808,873 shares of the company’s stock valued at $209,981,000 after buying an additional 289,378 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP stock opened at $26.89 on Wednesday. Schwab U.S. TIPS ETF has a fifty-two week low of $25.68 and a fifty-two week high of $27.19. The business has a fifty day simple moving average of $26.86 and a 200-day simple moving average of $26.62.

Schwab U.S. TIPS ETF Company 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.