Tortoise Investment Management LLC raised its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 5.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 978,659 shares of the company’s stock after buying an additional 48,996 shares during the quarter. Schwab U.S. TIPS ETF comprises 1.9% of Tortoise Investment Management LLC’s investment portfolio, making the stock its 8th largest position. Tortoise Investment Management LLC owned approximately 0.16% of Schwab U.S. TIPS ETF worth $25,934,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Archer Investment Corp increased its position in Schwab U.S. TIPS ETF by 212.2% during the 1st quarter. Archer Investment Corp now owns 971 shares of the company’s stock valued at $26,000 after purchasing an additional 660 shares during the period. Lloyd Advisory Services LLC. bought a new stake in shares of Schwab U.S. TIPS ETF during the 4th quarter valued at about $29,000. Ameritas Investment Partners Inc. increased its position in shares of Schwab U.S. TIPS ETF by 83.9% during the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock valued at $32,000 after buying an additional 547 shares during the period. CIBC Private Wealth Group LLC raised its stake in Schwab U.S. TIPS ETF by 69.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock worth $35,000 after buying an additional 541 shares in the last quarter. Finally, TOP Private Wealth LLC. purchased a new stake in Schwab U.S. TIPS ETF in the second quarter worth about $38,000.
Schwab U.S. TIPS ETF Stock Down 0.2%
Schwab U.S. TIPS ETF stock opened at $25.81 on Thursday. Schwab U.S. TIPS ETF has a fifty-two week low of $25.78 and a fifty-two week high of $27.19. The stock’s 50 day simple moving average is $26.04 and its two-hundred day simple moving average is $26.46.
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.
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