Howe & Rusling Inc. Boosts Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Howe & Rusling Inc. grew its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 544.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,680 shares of the company’s stock after acquiring an additional 2,264 shares during the period. Howe & Rusling Inc.’s holdings in Schwab U.S. TIPS ETF were worth $69,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Empower Advisory Group LLC boosted its holdings in Schwab U.S. TIPS ETF by 116.0% in the fourth quarter. Empower Advisory Group LLC now owns 38,301,085 shares of the company’s stock valued at $989,317,000 after purchasing an additional 20,565,226 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in shares of Schwab U.S. TIPS ETF in the 4th quarter valued at about $402,061,000. Quadratic Capital Management LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 24.5% in the fourth quarter. Quadratic Capital Management LLC now owns 14,235,092 shares of the company’s stock worth $367,692,000 after buying an additional 2,803,683 shares during the last quarter. Sei Investments Co. grew its holdings in Schwab U.S. TIPS ETF by 108.6% during the fourth quarter. Sei Investments Co. now owns 11,217,087 shares of the company’s stock worth $289,734,000 after acquiring an additional 5,840,961 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Schwab U.S. TIPS ETF by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 9,972,150 shares of the company’s stock valued at $534,806,000 after acquiring an additional 1,458,886 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA:SCHP opened at $26.78 on Friday. Schwab U.S. TIPS ETF has a 12-month low of $25.46 and a 12-month high of $26.96. The business has a 50 day moving average of $26.38 and a two-hundred day moving average of $26.32.

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.