Arvest Investments Inc. Grows Holdings in Schwab U.S. TIPS ETF $SCHP

Arvest Investments Inc. lifted its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 32.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 242,620 shares of the company’s stock after buying an additional 59,120 shares during the quarter. Schwab U.S. TIPS ETF makes up 0.9% of Arvest Investments Inc.’s investment portfolio, making the stock its 28th largest position. Arvest Investments Inc.’s holdings in Schwab U.S. TIPS ETF were worth $6,539,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SCHP. Mogy Joel R Investment Counsel Inc. purchased a new position in shares of Schwab U.S. TIPS ETF during the 2nd quarter worth about $32,000. Bessemer Group Inc. acquired a new position in Schwab U.S. TIPS ETF during the second quarter worth approximately $32,000. Hantz Financial Services Inc. acquired a new position in Schwab U.S. TIPS ETF during the second quarter worth approximately $35,000. Bogart Wealth LLC raised its stake in Schwab U.S. TIPS ETF by 64.1% during the second quarter. Bogart Wealth LLC now owns 1,411 shares of the company’s stock worth $38,000 after purchasing an additional 551 shares during the period. Finally, Horizon Bancorp Inc. IN acquired a new position in shares of Schwab U.S. TIPS ETF in the 2nd quarter valued at $43,000.

Schwab U.S. TIPS ETF Stock Down 0.9%

Shares of SCHP stock opened at $26.48 on Monday. Schwab U.S. TIPS ETF has a one year low of $25.68 and a one year high of $27.19. The company’s 50-day simple moving average is $26.86 and its 200-day simple moving average is $26.76.

Analyst Ratings Changes

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

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.