Schwab U.S. TIPS ETF $SCHP is Tortoise Investment Management LLC’s 9th Largest Position

Tortoise Investment Management LLC increased its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 895,124 shares of the company’s stock after acquiring an additional 46,048 shares during the quarter. Schwab U.S. TIPS ETF makes up about 2.1% of Tortoise Investment Management LLC’s investment portfolio, making the stock its 9th largest position. Tortoise Investment Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $23,712,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in SCHP. Brighton Jones LLC lifted its stake in Schwab U.S. TIPS ETF by 211.4% in the fourth quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock worth $541,000 after acquiring an additional 14,212 shares during the period. AQR Capital Management LLC lifted its stake in Schwab U.S. TIPS ETF by 180.7% in the first quarter. AQR Capital Management LLC now owns 76,197 shares of the company’s stock worth $2,049,000 after acquiring an additional 49,056 shares during the period. State Street Corp lifted its stake in Schwab U.S. TIPS ETF by 3.0% in the second quarter. State Street Corp now owns 2,599,691 shares of the company’s stock worth $69,360,000 after acquiring an additional 76,212 shares during the period. Main Street Financial Solutions LLC lifted its stake in Schwab U.S. TIPS ETF by 25.5% in the second quarter. Main Street Financial Solutions LLC now owns 11,390 shares of the company’s stock worth $304,000 after acquiring an additional 2,312 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in Schwab U.S. TIPS ETF by 2.9% in the second quarter. Alliancebernstein L.P. now owns 7,833,720 shares of the company’s stock worth $209,004,000 after acquiring an additional 223,281 shares during the period.

Schwab U.S. TIPS ETF Stock Down 0.1%

NYSEARCA:SCHP opened at $26.64 on Tuesday. Schwab U.S. TIPS ETF has a 1-year low of $26.20 and a 1-year high of $27.19. The company has a 50-day moving average of $26.74 and a 200 day moving average of $26.72.

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.