Breakwater Investment Management Raises Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Breakwater Investment Management increased its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 101.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,202 shares of the company’s stock after purchasing an additional 28,261 shares during the period. Breakwater Investment Management’s holdings in Schwab U.S. TIPS ETF were worth $1,452,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Simplicity Wealth LLC increased its stake in shares of Schwab U.S. TIPS ETF by 6.7% during the 3rd quarter. Simplicity Wealth LLC now owns 5,016 shares of the company’s stock valued at $269,000 after acquiring an additional 314 shares during the last quarter. CWM LLC increased its position in Schwab U.S. TIPS ETF by 13.9% during the third quarter. CWM LLC now owns 2,810 shares of the company’s stock worth $151,000 after purchasing an additional 344 shares during the last quarter. Pinnacle Bancorp Inc. raised its stake in Schwab U.S. TIPS ETF by 2.4% during the third quarter. Pinnacle Bancorp Inc. now owns 15,492 shares of the company’s stock worth $831,000 after purchasing an additional 364 shares during the period. Covestor Ltd boosted its holdings in shares of Schwab U.S. TIPS ETF by 7.4% in the 3rd quarter. Covestor Ltd now owns 5,625 shares of the company’s stock valued at $302,000 after purchasing an additional 388 shares during the last quarter. Finally, Aptus Capital Advisors LLC grew its stake in shares of Schwab U.S. TIPS ETF by 8.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 4,782 shares of the company’s stock valued at $256,000 after buying an additional 392 shares during the period.

Schwab U.S. TIPS ETF Stock Up 0.1 %

Shares of SCHP opened at $25.95 on Tuesday. The stock’s fifty day simple moving average is $26.04 and its 200 day simple moving average is $26.30. Schwab U.S. TIPS ETF has a twelve month low of $25.46 and a twelve month high of $26.96.

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.