Carnegie Investment Counsel raised its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 614,469 shares of the company’s stock after purchasing an additional 22,341 shares during the quarter. Carnegie Investment Counsel owned 0.11% of Schwab U.S. TIPS ETF worth $16,560,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mogy Joel R Investment Counsel Inc. purchased a new position in shares of Schwab U.S. TIPS ETF during the 2nd quarter valued at approximately $32,000. Bessemer Group Inc. acquired a new stake in Schwab U.S. TIPS ETF in the second quarter valued at $32,000. Hantz Financial Services Inc. bought a new position in Schwab U.S. TIPS ETF during the 2nd quarter valued at $35,000. Bogart Wealth LLC grew its holdings in Schwab U.S. TIPS ETF by 64.1% during the 2nd quarter. Bogart Wealth LLC now owns 1,411 shares of the company’s stock worth $38,000 after acquiring an additional 551 shares in the last quarter. Finally, Horizon Bancorp Inc. IN bought a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter worth about $43,000.
Wall Street Analyst Weigh In
Separately, Sanford C. Bernstein raised shares of Schwab U.S. TIPS ETF to a “hold” rating in a research report on Friday, December 5th.
Schwab U.S. TIPS ETF Trading Down 0.0%
Shares of NYSEARCA SCHP opened at $26.51 on Friday. Schwab U.S. TIPS ETF has a 12-month low of $25.68 and a 12-month high of $27.19. The stock has a 50 day simple moving average of $26.81 and a 200-day simple moving average of $26.76.
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.
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