Diversified Enterprises LLC Raises Stock Holdings in Schwab U.S. TIPS ETF $SCHP

Diversified Enterprises LLC grew its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 7,001.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,561,546 shares of the company’s stock after acquiring an additional 1,539,557 shares during the period. Schwab U.S. TIPS ETF accounts for about 2.8% of Diversified Enterprises LLC’s investment portfolio, making the stock its 9th biggest position. Diversified Enterprises LLC owned approximately 0.29% of Schwab U.S. TIPS ETF worth $42,084,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Empower Advisory Group LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 4.9% in the second quarter. Empower Advisory Group LLC now owns 42,677,764 shares of the company’s stock valued at $1,138,643,000 after purchasing an additional 2,007,959 shares in the last quarter. Wealthfront Advisers LLC boosted its position in Schwab U.S. TIPS ETF by 13.3% in the 2nd quarter. Wealthfront Advisers LLC now owns 31,970,077 shares of the company’s stock valued at $852,962,000 after buying an additional 3,749,147 shares during the last quarter. Quadratic Capital Management LLC raised its position in shares of Schwab U.S. TIPS ETF by 32.3% during the third quarter. Quadratic Capital Management LLC now owns 11,767,045 shares of the company’s stock worth $317,122,000 after acquiring an additional 2,870,303 shares during the last quarter. Sei Investments Co. raised its position in shares of Schwab U.S. TIPS ETF by 2.7% during the second quarter. Sei Investments Co. now owns 11,365,614 shares of the company’s stock worth $303,230,000 after acquiring an additional 295,901 shares during the last quarter. Finally, Lincoln National Corp lifted its stake in shares of Schwab U.S. TIPS ETF by 2.6% during the second quarter. Lincoln National Corp now owns 8,207,688 shares of the company’s stock valued at $218,981,000 after acquiring an additional 207,635 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

Schwab U.S. TIPS ETF stock opened at $26.48 on Friday. The business has a 50-day moving average of $26.86 and a 200-day moving average of $26.76. Schwab U.S. TIPS ETF has a 1 year low of $25.68 and a 1 year high of $27.19.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein upgraded Schwab U.S. TIPS ETF to a “hold” rating in a research report 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.