Schwab U.S. TIPS ETF $SCHP Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 109.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,634 shares of the company’s stock after acquiring an additional 54,152 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Schwab U.S. TIPS ETF were worth $2,745,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Wealthcare Capital Partners LLC raised its position in shares of Schwab U.S. TIPS ETF by 1.5% during the fourth quarter. Wealthcare Capital Partners LLC now owns 252,178 shares of the company’s stock worth $6,680,000 after purchasing an additional 3,712 shares during the period. Wealthcare Advisory Partners LLC boosted its position in shares of Schwab U.S. TIPS ETF by 10.3% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,422,321 shares of the company’s stock valued at $37,677,000 after purchasing an additional 132,391 shares during the period. International Private Wealth Advisors LLC boosted its position in shares of Schwab U.S. TIPS ETF by 9.4% in the 4th quarter. International Private Wealth Advisors LLC now owns 10,608 shares of the company’s stock valued at $281,000 after purchasing an additional 909 shares during the period. FSA Investment Group LLC increased its stake in Schwab U.S. TIPS ETF by 3.7% in the 4th quarter. FSA Investment Group LLC now owns 120,786 shares of the company’s stock worth $3,200,000 after purchasing an additional 4,316 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in Schwab U.S. TIPS ETF by 126.6% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 38,073 shares of the company’s stock worth $1,009,000 after purchasing an additional 21,268 shares in the last quarter.

Analysts Set New Price Targets

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

Schwab U.S. TIPS ETF Stock Up 0.1%

Shares of NYSEARCA SCHP opened at $26.61 on Wednesday. Schwab U.S. TIPS ETF has a 12 month low of $25.83 and a 12 month high of $27.19. The business’s 50 day moving average is $26.72 and its two-hundred day moving average is $26.77.

Schwab U.S. TIPS ETF 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.