Baker Ellis Asset Management LLC Makes New $2.14 Million Investment in Schwab U.S. TIPS ETF $SCHP

Baker Ellis Asset Management LLC bought a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 80,680 shares of the company’s stock, valued at approximately $2,137,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SCHP. Wealthfront Advisers LLC grew its stake in shares of 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 buying an additional 3,718,170 shares during the last quarter. US Bancorp DE grew its stake in shares of Schwab U.S. TIPS ETF by 899.8% in the 3rd 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 last quarter. Quadratic Capital Management LLC grew its stake in shares of Schwab U.S. TIPS ETF by 23.2% in the 4th quarter. Quadratic Capital Management LLC now owns 14,499,201 shares of the company’s stock worth $384,084,000 after buying an additional 2,732,156 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Schwab U.S. TIPS ETF by 3.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,174,158 shares of the company’s stock worth $381,994,000 after buying an additional 531,185 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Schwab U.S. TIPS ETF by 4.0% in the 3rd quarter. Sei Investments Co. now owns 11,824,350 shares of the company’s stock worth $318,667,000 after buying an additional 458,736 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Schwab U.S. TIPS ETF stock opened at $26.70 on Thursday. The stock’s 50 day moving average is $26.73 and its 200 day moving average is $26.76. Schwab U.S. TIPS ETF has a twelve month low of $25.83 and a twelve month 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.