Bfsg LLC Boosts Stock Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Bfsg LLC boosted its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 12.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,319 shares of the company’s stock after purchasing an additional 16,021 shares during the quarter. Schwab U.S. TIPS ETF makes up about 1.1% of Bfsg LLC’s investment portfolio, making the stock its 18th largest holding. Bfsg LLC’s holdings in Schwab U.S. TIPS ETF were worth $7,690,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cerity Partners LLC raised its stake in Schwab U.S. TIPS ETF by 327.1% during the 4th quarter. Cerity Partners LLC now owns 13,385,973 shares of the company’s stock valued at $698,748,000 after purchasing an additional 10,251,581 shares during the period. Empower Advisory Group LLC lifted its position in Schwab U.S. TIPS ETF by 24.9% in the third quarter. Empower Advisory Group LLC now owns 12,524,783 shares of the company’s stock worth $632,376,000 after purchasing an additional 2,499,508 shares during the period. Korea Investment CORP bought a new stake in shares of Schwab U.S. TIPS ETF in the 3rd quarter valued at approximately $29,284,000. JPMorgan Chase & Co. grew its stake in Schwab U.S. TIPS ETF by 8.4% during the third quarter. JPMorgan Chase & Co. now owns 7,306,113 shares of the company’s stock worth $368,886,000 after buying an additional 566,822 shares during the last quarter. Finally, Financial Architects LLC bought a new position in shares of Schwab U.S. TIPS ETF in the fourth quarter valued at about $25,171,000.

Schwab U.S. TIPS ETF Price Performance

SCHP stock traded down $0.15 during midday trading on Thursday, reaching $51.13. The company’s stock had a trading volume of 528,567 shares, compared to its average volume of 1,227,128. Schwab U.S. TIPS ETF has a 52 week low of $49.50 and a 52 week high of $53.92. The business’s 50-day simple moving average is $51.72 and its 200-day simple moving average is $51.46.

Schwab U.S. TIPS ETF Company 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.