Schwab U.S. TIPS ETF $SCHP Shares Purchased by Savvy Advisors Inc.

Savvy Advisors Inc. raised its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 508.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,761 shares of the company’s stock after purchasing an additional 103,434 shares during the quarter. Savvy Advisors Inc.’s holdings in Schwab U.S. TIPS ETF were worth $3,278,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. US Bancorp DE boosted its position in shares of Schwab U.S. TIPS ETF by 899.8% in the third quarter. US Bancorp DE now owns 16,265,679 shares of the company’s stock worth $438,361,000 after buying an additional 14,638,820 shares during the period. Adventist Health System Sunbelt Healthcare Corp lifted its position in Schwab U.S. TIPS ETF by 29,954.5% during the 3rd quarter. Adventist Health System Sunbelt Healthcare Corp now owns 4,628,695 shares of the company’s stock worth $124,743,000 after acquiring an additional 4,613,294 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Schwab U.S. TIPS ETF by 9,813.6% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 3,918,443 shares of the company’s stock worth $105,602,000 after acquiring an additional 3,878,917 shares during the period. Wealthfront Advisers LLC boosted its holdings in Schwab U.S. TIPS ETF by 11.6% in the 3rd quarter. Wealthfront Advisers LLC now owns 35,688,247 shares of the company’s stock worth $961,798,000 after acquiring an additional 3,718,170 shares during the period. Finally, Quadratic Capital Management LLC grew its position in Schwab U.S. TIPS ETF by 32.3% in the third quarter. Quadratic Capital Management LLC now owns 11,767,045 shares of the company’s stock valued at $317,122,000 after acquiring an additional 2,870,303 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

SCHP opened at $26.68 on Monday. The firm’s 50 day moving average is $26.72 and its 200-day moving average is $26.76. Schwab U.S. TIPS ETF has a 52-week low of $25.83 and a 52-week high of $27.19.

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.