Assetmark Inc. Has $55.14 Million Stock Holdings in Schwab U.S. TIPS ETF $SCHP

Assetmark Inc. increased its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,045,996 shares of the company’s stock after acquiring an additional 88,125 shares during the period. Assetmark Inc. owned about 0.37% of Schwab U.S. TIPS ETF worth $55,140,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Consulate Inc. bought a new position in Schwab U.S. TIPS ETF during the third quarter worth about $29,000. Bessemer Group Inc. acquired a new position in shares of Schwab U.S. TIPS ETF in the 2nd quarter worth approximately $32,000. Hantz Financial Services Inc. bought a new position in shares of Schwab U.S. TIPS ETF during the 2nd quarter worth approximately $35,000. Bogart Wealth LLC boosted its stake in Schwab U.S. TIPS ETF by 64.1% in the 2nd quarter. Bogart Wealth LLC now owns 1,411 shares of the company’s stock valued at $38,000 after buying an additional 551 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc grew its position in Schwab U.S. TIPS ETF by 35.3% in the third quarter. Glass Jacobson Investment Advisors llc now owns 1,469 shares of the company’s stock valued at $40,000 after acquiring an additional 383 shares during the period.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA SCHP opened at $26.84 on Friday. The stock has a fifty day moving average of $26.60 and a 200-day moving average of $26.78. Schwab U.S. TIPS ETF has a 52 week low of $25.83 and a 52 week high of $27.19.

Analyst Upgrades and Downgrades

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