Schwab U.S. TIPS ETF $SCHP Shares Acquired by BlueSky Wealth Advisors LLC

BlueSky Wealth Advisors LLC boosted its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,387,002 shares of the company’s stock after purchasing an additional 40,745 shares during the period. Schwab U.S. TIPS ETF comprises about 5.0% of BlueSky Wealth Advisors LLC’s portfolio, making the stock its 6th largest holding. BlueSky Wealth Advisors LLC owned 0.26% of Schwab U.S. TIPS ETF worth $37,380,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHP. Wealthfront Advisers LLC raised its holdings in Schwab U.S. TIPS ETF by 13.3% during the second quarter. Wealthfront Advisers LLC now owns 31,970,077 shares of the company’s stock worth $852,962,000 after acquiring an additional 3,749,147 shares in the last quarter. Quadratic Capital Management LLC grew its stake in shares of Schwab U.S. TIPS ETF by 32.3% in the third quarter. Quadratic Capital Management LLC now owns 11,767,045 shares of the company’s stock valued at $317,122,000 after buying an additional 2,870,303 shares in the last quarter. Empower Advisory Group LLC raised its position in Schwab U.S. TIPS ETF by 4.9% during the second quarter. Empower Advisory Group LLC now owns 42,677,764 shares of the company’s stock worth $1,138,643,000 after acquiring an additional 2,007,959 shares in the last quarter. Diversified Enterprises LLC grew its position in shares of Schwab U.S. TIPS ETF by 7,001.5% in the 3rd quarter. Diversified Enterprises LLC now owns 1,561,546 shares of the company’s stock valued at $42,084,000 after acquiring an additional 1,539,557 shares during the period. Finally, Kingstone Capital Partners Texas LLC acquired a new position in shares of Schwab U.S. TIPS ETF during the 2nd quarter worth about $28,606,000.

Wall Street Analyst Weigh In

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

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA:SCHP opened at $26.48 on Monday. The company’s 50 day simple moving average is $26.86 and its 200 day simple moving average is $26.76. Schwab U.S. TIPS ETF has a 1 year low of $25.68 and a 1 year high of $27.19.

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.