Integrated Wealth Concepts LLC increased its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 10.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,589,879 shares of the company’s stock after acquiring an additional 151,939 shares during the period. Integrated Wealth Concepts LLC’s holdings in Schwab U.S. TIPS ETF were worth $42,847,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHP. Flow Traders U.S. LLC acquired a new stake in shares of Schwab U.S. TIPS ETF in the 3rd quarter valued at about $2,660,000. Elevation Point Wealth Partners LLC grew its holdings in shares of Schwab U.S. TIPS ETF by 4,336.8% during the third quarter. Elevation Point Wealth Partners LLC now owns 9,761 shares of the company’s stock worth $263,000 after buying an additional 9,541 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Schwab U.S. TIPS ETF in the 3rd quarter valued at approximately $706,000. Cannell & Spears LLC acquired a new stake in Schwab U.S. TIPS ETF in the 3rd quarter valued at approximately $201,000. Finally, Ausdal Financial Partners Inc. lifted its stake in Schwab U.S. TIPS ETF by 8.4% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 95,703 shares of the company’s stock valued at $2,579,000 after acquiring an additional 7,376 shares in the last quarter.
Analysts Set New Price Targets
Separately, Sanford C. Bernstein raised shares of Schwab U.S. TIPS ETF to a “hold” rating in a research note on Friday, December 5th.
Schwab U.S. TIPS ETF Trading Down 0.2%
Shares of Schwab U.S. TIPS ETF stock opened at $26.70 on Monday. Schwab U.S. TIPS ETF has a 12-month low of $25.83 and a 12-month high of $27.19. The business’s 50 day moving average is $26.70 and its 200-day moving average is $26.80.
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.
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