Foster & Motley Inc. Has $22.20 Million Stock Holdings in Schwab U.S. TIPS ETF $SCHP

Foster & Motley Inc. raised its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 832,189 shares of the company’s stock after purchasing an additional 20,045 shares during the quarter. Schwab U.S. TIPS ETF accounts for 1.3% of Foster & Motley Inc.’s portfolio, making the stock its 14th largest holding. Foster & Motley Inc.’s holdings in Schwab U.S. TIPS ETF were worth $22,203,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Brighton Jones LLC lifted its position in shares of Schwab U.S. TIPS ETF by 211.4% during the 4th quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock worth $541,000 after buying an additional 14,212 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Schwab U.S. TIPS ETF by 33.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,965,014 shares of the company’s stock worth $52,839,000 after acquiring an additional 496,070 shares in the last quarter. United Advisor Group LLC lifted its holdings in shares of Schwab U.S. TIPS ETF by 24.3% during the first quarter. United Advisor Group LLC now owns 18,305 shares of the company’s stock valued at $492,000 after acquiring an additional 3,584 shares during the period. Avior Wealth Management LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 1.7% in the 1st quarter. Avior Wealth Management LLC now owns 781,245 shares of the company’s stock valued at $21,008,000 after purchasing an additional 13,072 shares in the last quarter. Finally, Advisor Resource Council bought a new stake in shares of Schwab U.S. TIPS ETF in the 1st quarter worth about $1,520,000.

Schwab U.S. TIPS ETF Trading Down 0.1%

Shares of Schwab U.S. TIPS ETF stock opened at $27.03 on Friday. Schwab U.S. TIPS ETF has a 12-month low of $25.68 and a 12-month high of $27.19. The company has a 50-day simple moving average of $26.91 and a 200 day simple moving average of $26.64.

Schwab U.S. TIPS ETF 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.