VCI Wealth Management LLC Takes $4.70 Million Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

VCI Wealth Management LLC bought a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 90,067 shares of the company’s stock, valued at approximately $4,702,000. Schwab U.S. TIPS ETF comprises approximately 2.9% of VCI Wealth Management LLC’s investment portfolio, making the stock its 7th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Advisory Inc. increased its holdings in Schwab U.S. TIPS ETF by 1.9% during the third quarter. Charles Schwab Investment Advisory Inc. now owns 17,277,796 shares of the company’s stock worth $872,356,000 after buying an additional 314,855 shares during the last quarter. Quadratic Capital Management LLC increased its holdings in Schwab U.S. TIPS ETF by 1.1% during the fourth quarter. Quadratic Capital Management LLC now owns 14,432,753 shares of the company’s stock worth $753,390,000 after buying an additional 153,669 shares during the last quarter. Cerity Partners LLC increased its holdings in Schwab U.S. TIPS ETF by 327.1% during the fourth quarter. Cerity Partners LLC now owns 13,385,973 shares of the company’s stock worth $698,748,000 after buying an additional 10,251,581 shares during the last quarter. Empower Advisory Group LLC increased its holdings in Schwab U.S. TIPS ETF by 24.9% during the third quarter. Empower Advisory Group LLC now owns 12,524,783 shares of the company’s stock worth $632,376,000 after buying an additional 2,499,508 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Schwab U.S. TIPS ETF by 8.4% during the third quarter. JPMorgan Chase & Co. now owns 7,306,113 shares of the company’s stock worth $368,886,000 after buying an additional 566,822 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of SCHP traded down $0.07 during trading hours on Thursday, hitting $51.21. The company’s stock had a trading volume of 1,307,691 shares, compared to its average volume of 1,239,280. The business has a 50 day simple moving average of $51.72 and a two-hundred day simple moving average of $51.46. Schwab U.S. TIPS ETF has a 52-week low of $49.50 and a 52-week high of $53.92.

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.