Clearstead Advisors LLC Boosts Stake in Schwab U.S. TIPS ETF $SCHP

Clearstead Advisors LLC raised its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 34,125.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,308 shares of the company’s stock after buying an additional 101,012 shares during the quarter. Clearstead Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $2,730,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Algorithmic Investment Models LLC grew its holdings in shares of Schwab U.S. TIPS ETF by 8.2% in the third quarter. Algorithmic Investment Models LLC now owns 62,806 shares of the company’s stock valued at $1,693,000 after purchasing an additional 4,779 shares in the last quarter. Geometric Wealth Advisors purchased a new position in shares of Schwab U.S. TIPS ETF in the 3rd quarter worth $242,000. Ameritas Investment Partners Inc. grew its stake in shares of Schwab U.S. TIPS ETF by 83.9% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock worth $32,000 after buying an additional 547 shares in the last quarter. Koshinski Asset Management Inc. increased its holdings in shares of Schwab U.S. TIPS ETF by 3.9% in the 3rd quarter. Koshinski Asset Management Inc. now owns 14,888 shares of the company’s stock worth $401,000 after buying an additional 564 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its position in shares of Schwab U.S. TIPS ETF by 7.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 53,118 shares of the company’s stock valued at $1,432,000 after buying an additional 3,508 shares in the last quarter.

Wall Street Analyst Weigh In

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 Stock Performance

SCHP opened at $26.83 on Wednesday. The business has a fifty day moving average of $26.62 and a 200 day moving average of $26.79. Schwab U.S. TIPS ETF has a 52-week low of $25.83 and a 52-week 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.