Tortoise Investment Management LLC Acquires 781,863 Shares of Schwab U.S. TIPS ETF $SCHP

Tortoise Investment Management LLC boosted its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 79.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,760,522 shares of the company’s stock after acquiring an additional 781,863 shares during the period. Schwab U.S. TIPS ETF makes up approximately 3.3% of Tortoise Investment Management LLC’s investment portfolio, making the stock its 4th largest holding. Tortoise Investment Management LLC owned 0.26% of Schwab U.S. TIPS ETF worth $44,242,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Opus Financial Solutions LLC raised its position in shares of Schwab U.S. TIPS ETF by 3.2% during the third quarter. Opus Financial Solutions LLC now owns 29,151 shares of the company’s stock worth $733,000 after purchasing an additional 915 shares during the period. Austin Wealth Management LLC grew its position in shares of Schwab U.S. TIPS ETF by 2.8% in the 3rd quarter. Austin Wealth Management LLC now owns 62,681 shares of the company’s stock valued at $1,580,000 after purchasing an additional 1,697 shares during the period. CENTRAL TRUST Co acquired a new position in shares of Schwab U.S. TIPS ETF in the 3rd quarter valued at approximately $207,134,000. Three Bridge Wealth Advisors LLC bought a new stake in Schwab U.S. TIPS ETF during the 3rd quarter worth approximately $126,000. Finally, Granville Capital Inc. bought a new stake in Schwab U.S. TIPS ETF during the 3rd quarter worth approximately $810,000.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP stock opened at $25.23 on Friday. The company’s 50 day moving average price is $25.45 and its two-hundred day moving average price is $26.24. Schwab U.S. TIPS ETF has a 52 week low of $25.01 and a 52 week high of $26.99.

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.