Arax Advisory Partners bought a new stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,722,746 shares of the company’s stock, valued at approximately $45,636,000. Schwab U.S. TIPS ETF makes up 1.3% of Arax Advisory Partners’ portfolio, making the stock its 13th largest position.
Several other hedge funds have also recently added to or reduced their stakes in the business. US Bancorp DE raised its stake in Schwab U.S. TIPS ETF by 899.8% during the 3rd quarter. US Bancorp DE now owns 16,265,679 shares of the company’s stock valued at $438,361,000 after acquiring an additional 14,638,820 shares in the last quarter. Quadratic Capital Management LLC raised its stake in Schwab U.S. TIPS ETF by 23.2% during the 4th quarter. Quadratic Capital Management LLC now owns 14,499,201 shares of the company’s stock valued at $384,084,000 after acquiring an additional 2,732,156 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Schwab U.S. TIPS ETF by 3.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,174,158 shares of the company’s stock valued at $381,994,000 after purchasing an additional 531,185 shares during the period. Sei Investments Co. increased its position in shares of Schwab U.S. TIPS ETF by 4.0% during the 3rd quarter. Sei Investments Co. now owns 11,824,350 shares of the company’s stock valued at $318,667,000 after purchasing an additional 458,736 shares during the period. Finally, Cerity Partners LLC increased its position in shares of Schwab U.S. TIPS ETF by 11.2% during the 4th quarter. Cerity Partners LLC now owns 9,291,730 shares of the company’s stock valued at $246,138,000 after purchasing an additional 936,063 shares during the period.
Schwab U.S. TIPS ETF Trading Up 0.0%
Shares of SCHP stock opened at $26.54 on Friday. Schwab U.S. TIPS ETF has a 1 year low of $26.27 and a 1 year high of $27.19. The business’s fifty day moving average is $26.72 and its 200-day moving average is $26.69.
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.
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