Stephens Group Asset Management LLC Purchases 872,511 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Stephens Group Asset Management LLC grew its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 105.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,696,759 shares of the company’s stock after acquiring an additional 872,511 shares during the quarter. Schwab U.S. TIPS ETF comprises approximately 3.7% of Stephens Group Asset Management LLC’s holdings, making the stock its 12th largest holding. Stephens Group Asset Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $43,827,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its holdings in shares of Schwab U.S. TIPS ETF by 24.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,467,323 shares of the company’s stock valued at $76,315,000 after acquiring an additional 290,069 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Schwab U.S. TIPS ETF during the second quarter worth approximately $943,000. Brighton Jones LLC raised its position in Schwab U.S. TIPS ETF by 16.4% during the second quarter. Brighton Jones LLC now owns 8,954 shares of the company’s stock valued at $466,000 after purchasing an additional 1,264 shares during the period. Joseph Group Capital Management lifted its stake in shares of Schwab U.S. TIPS ETF by 3.1% in the 2nd quarter. Joseph Group Capital Management now owns 497,684 shares of the company’s stock valued at $25,885,000 after purchasing an additional 14,902 shares during the last quarter. Finally, Simplify Asset Management Inc. purchased a new position in shares of Schwab U.S. TIPS ETF in the 2nd quarter worth approximately $31,502,000.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA SCHP opened at $25.90 on Thursday. The business’s 50 day moving average price is $26.06 and its 200-day moving average price is $26.30. Schwab U.S. TIPS ETF has a fifty-two week low of $25.46 and a fifty-two week 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.