Red Tortoise LLC Acquires 5,042 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Red Tortoise LLC boosted its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 9.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,681 shares of the company’s stock after buying an additional 5,042 shares during the period. Schwab U.S. TIPS ETF makes up approximately 1.8% of Red Tortoise LLC’s portfolio, making the stock its 16th biggest position. Red Tortoise LLC’s holdings in Schwab U.S. TIPS ETF were worth $3,115,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SCHP. Cerity Partners LLC boosted its position in Schwab U.S. TIPS ETF by 327.1% during the fourth quarter. Cerity Partners LLC now owns 13,385,973 shares of the company’s stock valued at $698,748,000 after buying an additional 10,251,581 shares during the period. Moneta Group Investment Advisors LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 83,208.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,912,667 shares of the company’s stock worth $409,797,000 after acquiring an additional 7,903,169 shares during the last quarter. Empower Advisory Group LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 24.9% during the 3rd quarter. Empower Advisory Group LLC now owns 12,524,783 shares of the company’s stock valued at $632,376,000 after buying an additional 2,499,508 shares in the last quarter. 1832 Asset Management L.P. bought a new stake in Schwab U.S. TIPS ETF in the 1st quarter valued at $61,128,000. Finally, Korea Investment CORP bought a new stake in shares of Schwab U.S. TIPS ETF in the 3rd quarter worth about $29,284,000.

Schwab U.S. TIPS ETF Price Performance

Schwab U.S. TIPS ETF stock traded up $0.16 during trading hours on Wednesday, hitting $51.32. The company had a trading volume of 924,837 shares, compared to its average volume of 1,256,488. Schwab U.S. TIPS ETF has a 1 year low of $49.50 and a 1 year high of $53.92. The company has a 50-day moving average price of $51.76 and a two-hundred day moving average price of $51.41.

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.