Rock Creek Group LP Grows Holdings in Schwab U.S. TIPS ETF $SCHP

Rock Creek Group LP increased its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 93.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 372,410 shares of the company’s stock after acquiring an additional 180,316 shares during the quarter. Schwab U.S. TIPS ETF comprises about 1.2% of Rock Creek Group LP’s investment portfolio, making the stock its 15th biggest holding. Rock Creek Group LP’s holdings in Schwab U.S. TIPS ETF were worth $9,936,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings 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 purchasing an additional 16,247,258 shares during the period. Wealthfront Advisers LLC lifted its holdings in shares of Schwab U.S. TIPS ETF by 13.3% during the second quarter. Wealthfront Advisers LLC now owns 31,970,077 shares of the company’s stock valued at $852,962,000 after purchasing an additional 3,749,147 shares during the last quarter. Empower Advisory Group LLC boosted its position in shares of Schwab U.S. TIPS ETF by 6.2% in the 1st quarter. Empower Advisory Group LLC now owns 40,669,805 shares of the company’s stock worth $1,093,611,000 after purchasing an additional 2,368,720 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter worth approximately $28,606,000. Finally, Municipal Employees Retirement System of Michigan increased its position in Schwab U.S. TIPS ETF by 5.4% during the 1st 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.

Schwab U.S. TIPS ETF Trading Up 0.2%

Shares of NYSEARCA:SCHP opened at $26.86 on Friday. The stock has a fifty day simple moving average of $26.94 and a two-hundred day simple moving average of $26.71. Schwab U.S. TIPS ETF has a 12-month low of $25.68 and a 12-month high of $27.19.

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.