Farther Finance Advisors LLC Increases Stock Position in Schwab U.S. TIPS ETF $SCHP

Farther Finance Advisors LLC raised its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 606.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 190,389 shares of the company’s stock after acquiring an additional 163,447 shares during the period. Farther Finance Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $5,043,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Founders Financial Alliance LLC increased its holdings in Schwab U.S. TIPS ETF by 392.8% in the 3rd quarter. Founders Financial Alliance LLC now owns 961 shares of the company’s stock valued at $26,000 after purchasing an additional 766 shares during the last quarter. Financial Consulate Inc. acquired a new position in Schwab U.S. TIPS ETF during the third quarter worth $29,000. Olistico Wealth LLC acquired a new position in Schwab U.S. TIPS ETF during the fourth quarter worth $30,000. Ameritas Investment Partners Inc. boosted its position in shares of Schwab U.S. TIPS ETF by 83.9% during the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock worth $32,000 after buying an additional 547 shares during the period. Finally, Glass Jacobson Investment Advisors llc boosted its position in shares of Schwab U.S. TIPS ETF by 35.3% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,469 shares of the company’s stock worth $40,000 after buying an additional 383 shares during the period.

Schwab U.S. TIPS ETF Stock Down 0.2%

Shares of NYSEARCA SCHP opened at $26.78 on Friday. Schwab U.S. TIPS ETF has a twelve month low of $26.20 and a twelve month high of $27.19. The stock has a fifty day simple moving average of $26.75 and a 200-day simple moving average of $26.75.

About Schwab U.S. TIPS ETF

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.