Wealth Enhancement Advisory Services LLC Buys 91,871 Shares of Schwab U.S. TIPS ETF $SCHP

Wealth Enhancement Advisory Services LLC increased its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 4.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,134,703 shares of the company’s stock after buying an additional 91,871 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.39% of Schwab U.S. TIPS ETF worth $57,402,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of SCHP. Empower Advisory Group LLC raised its stake in Schwab U.S. TIPS ETF by 4.9% in the second quarter. Empower Advisory Group LLC now owns 42,677,764 shares of the company’s stock valued at $1,138,643,000 after purchasing an additional 2,007,959 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of Schwab U.S. TIPS ETF by 13.3% during the 2nd quarter. Wealthfront Advisers LLC now owns 31,970,077 shares of the company’s stock worth $852,962,000 after acquiring an additional 3,749,147 shares during the period. Quadratic Capital Management LLC boosted its position in shares of Schwab U.S. TIPS ETF by 32.3% during the 3rd quarter. Quadratic Capital Management LLC now owns 11,767,045 shares of the company’s stock worth $317,122,000 after acquiring an additional 2,870,303 shares in the last quarter. Sei Investments Co. boosted its position in shares of Schwab U.S. TIPS ETF by 2.7% during the 2nd quarter. Sei Investments Co. now owns 11,365,614 shares of the company’s stock worth $303,230,000 after acquiring an additional 295,901 shares in the last quarter. Finally, Cerity Partners LLC raised its position in Schwab U.S. TIPS ETF by 7.6% during the third quarter. Cerity Partners LLC now owns 8,355,667 shares of the company’s stock valued at $225,185,000 after purchasing an additional 587,890 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Down 0.2%

Schwab U.S. TIPS ETF stock traded down $0.06 during mid-day trading on Tuesday, hitting $26.47. 501,025 shares of the stock were exchanged, compared to its average volume of 5,577,605. The firm’s fifty day simple moving average is $26.67 and its two-hundred day simple moving average is $26.77. Schwab U.S. TIPS ETF has a 12 month low of $25.83 and a 12 month high of $27.19.

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 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.