EverSource Wealth Advisors LLC Purchases 30,696 Shares of Schwab U.S. TIPS ETF $SCHP

EverSource Wealth Advisors LLC increased its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 160.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,877 shares of the company’s stock after acquiring an additional 30,696 shares during the period. EverSource Wealth Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $1,344,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Trajan Wealth LLC boosted its position in Schwab U.S. TIPS ETF by 13.1% in the third quarter. Trajan Wealth LLC now owns 314,931 shares of the company’s stock worth $8,487,000 after purchasing an additional 36,597 shares during the last quarter. Clearstead Advisors LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 34,125.7% in the 3rd quarter. Clearstead Advisors LLC now owns 101,308 shares of the company’s stock worth $2,730,000 after buying an additional 101,012 shares during the last quarter. Algorithmic Investment Models LLC grew its position in Schwab U.S. TIPS ETF by 8.2% during the third quarter. Algorithmic Investment Models LLC now owns 62,806 shares of the company’s stock valued at $1,693,000 after buying an additional 4,779 shares during the period. Geometric Wealth Advisors purchased a new stake in Schwab U.S. TIPS ETF during the third quarter worth about $242,000. Finally, Ameritas Investment Partners Inc. raised its position in Schwab U.S. TIPS ETF by 83.9% in the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock worth $32,000 after acquiring an additional 547 shares during the period.

Analyst Ratings Changes

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 Up 0.1%

Schwab U.S. TIPS ETF stock opened at $26.86 on Thursday. The firm has a 50 day simple moving average of $26.62 and a 200 day simple moving average of $26.79. Schwab U.S. TIPS ETF has a 1-year low of $25.83 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.