Stephens Group Asset Management LLC Raises Stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Stephens Group Asset Management LLC grew its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 105.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,696,759 shares of the company’s stock after purchasing an additional 872,511 shares during the quarter. Schwab U.S. TIPS ETF makes up about 3.7% of Stephens Group Asset Management LLC’s investment portfolio, making the stock its 12th largest holding. Stephens Group Asset Management LLC owned approximately 0.80% of Schwab U.S. TIPS ETF worth $43,827,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHP. Salem Investment Counselors Inc. grew its position in shares of Schwab U.S. TIPS ETF by 91.8% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock worth $27,000 after purchasing an additional 506 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Schwab U.S. TIPS ETF in the 3rd quarter worth approximately $63,000. First Community Trust NA boosted its stake in Schwab U.S. TIPS ETF by 100.0% in the 4th quarter. First Community Trust NA now owns 1,400 shares of the company’s stock worth $36,000 after purchasing an additional 700 shares during the period. Fairscale Capital LLC purchased a new stake in Schwab U.S. TIPS ETF during the 2nd quarter valued at approximately $105,000. Finally, CWM LLC raised its position in shares of Schwab U.S. TIPS ETF by 13.9% during the third quarter. CWM LLC now owns 2,810 shares of the company’s stock valued at $151,000 after buying an additional 344 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

SCHP stock opened at $25.90 on Thursday. The company’s fifty day moving average price is $26.06 and its 200-day moving average price is $26.30. Schwab U.S. TIPS ETF has a one year low of $25.46 and a one year high of $26.96.

Schwab U.S. TIPS ETF Company 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.