Alliancebernstein L.P. Grows Stock Holdings in Schwab U.S. TIPS ETF $SCHP

Alliancebernstein L.P. boosted its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 1.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,918,767 shares of the company’s stock after buying an additional 85,047 shares during the quarter. Alliancebernstein L.P. owned approximately 1.45% of Schwab U.S. TIPS ETF worth $213,411,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. ORG Partners LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 2.0% in the 3rd quarter. ORG Partners LLC now owns 19,090 shares of the company’s stock valued at $515,000 after acquiring an additional 377 shares during the last quarter. Glass Jacobson Investment Advisors llc lifted its position in shares of Schwab U.S. TIPS ETF by 35.3% during the 3rd 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 last quarter. Financial Freedom LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 0.5% in the 2nd quarter. Financial Freedom LLC now owns 79,080 shares of the company’s stock valued at $2,110,000 after buying an additional 405 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 4.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 9,541 shares of the company’s stock valued at $257,000 after buying an additional 423 shares in the last quarter. Finally, Cape Investment Advisory Inc. grew its position in shares of Schwab U.S. TIPS ETF by 28.8% in the 2nd quarter. Cape Investment Advisory Inc. now owns 1,944 shares of the company’s stock valued at $52,000 after buying an additional 435 shares during the last quarter.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded 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 Performance

NYSEARCA SCHP opened at $26.76 on Tuesday. The firm’s fifty day moving average is $26.70 and its two-hundred day moving average is $26.80. Schwab U.S. TIPS ETF has a one year low of $25.83 and a one year high of $27.19.

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.