Live Oak Investment Partners Makes New Investment in Schwab U.S. TIPS ETF $SCHP

Live Oak Investment Partners acquired a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the 3rd quarter, HoldingsChannel reports. The fund acquired 196,374 shares of the company’s stock, valued at approximately $5,292,000. Schwab U.S. TIPS ETF makes up 3.9% of Live Oak Investment Partners’ investment portfolio, making the stock its 4th largest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SCHP. ORG Partners LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 2.0% in the third quarter. ORG Partners LLC now owns 19,090 shares of the company’s stock valued at $515,000 after purchasing an additional 377 shares during the period. CWC Advisors LLC. increased its position in Schwab U.S. TIPS ETF by 3.4% in the 2nd quarter. CWC Advisors LLC. now owns 11,653 shares of the company’s stock valued at $311,000 after acquiring an additional 384 shares during the period. Financial Freedom LLC raised its stake in Schwab U.S. TIPS ETF by 0.5% during the 2nd quarter. Financial Freedom LLC now owns 79,080 shares of the company’s stock valued at $2,110,000 after acquiring an additional 405 shares during the last quarter. Cape Investment Advisory Inc. lifted its position in Schwab U.S. TIPS ETF by 28.8% during the 2nd quarter. Cape Investment Advisory Inc. now owns 1,944 shares of the company’s stock worth $52,000 after acquiring an additional 435 shares during the period. Finally, Mengis Capital Management Inc. increased its holdings in shares of Schwab U.S. TIPS ETF by 2.8% in the second quarter. Mengis Capital Management Inc. now owns 16,010 shares of the company’s stock valued at $427,000 after purchasing an additional 442 shares during the period.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised Schwab U.S. TIPS ETF to a “hold” rating in a report on Friday, December 5th.

Schwab U.S. TIPS ETF Trading Down 0.1%

SCHP opened at $26.57 on Friday. The firm’s 50 day moving average is $26.68 and its 200-day moving average is $26.77. Schwab U.S. TIPS ETF has a 52-week low of $25.83 and a 52-week high of $27.19.

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.