Wealth Enhancement Advisory Services LLC Acquires 437,759 Shares of Schwab U.S. TIPS ETF $SCHP

Wealth Enhancement Advisory Services LLC increased its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 20.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,572,462 shares of the company’s stock after acquiring an additional 437,759 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Schwab U.S. TIPS ETF were worth $68,247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Schwab U.S. TIPS ETF by 211.4% in the 4th quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock worth $541,000 after purchasing an additional 14,212 shares during the period. AQR Capital Management LLC boosted its position in Schwab U.S. TIPS ETF by 180.7% during the first quarter. AQR Capital Management LLC now owns 76,197 shares of the company’s stock valued at $2,049,000 after buying an additional 49,056 shares during the period. Rockefeller Capital Management L.P. bought a new position in shares of Schwab U.S. TIPS ETF during the second quarter valued at about $280,000. Rock Creek Group LP grew its stake in shares of Schwab U.S. TIPS ETF by 93.9% during the second quarter. Rock Creek Group LP now owns 372,410 shares of the company’s stock valued at $9,936,000 after buying an additional 180,316 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in shares of Schwab U.S. TIPS ETF during the second quarter valued at about $648,000.

Schwab U.S. TIPS ETF Stock Down 0.7%

Shares of NYSEARCA:SCHP opened at $26.58 on Monday. The company has a 50-day moving average price of $26.72 and a 200-day moving average price of $26.79. Schwab U.S. TIPS ETF has a 12 month low of $25.83 and a 12 month high of $27.19.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein raised Schwab U.S. TIPS ETF to a “hold” rating in a research note on Friday, December 5th.

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.