Theory Financial LLC Raises Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Theory Financial LLC grew its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 4.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 242,218 shares of the company’s stock after purchasing an additional 11,187 shares during the quarter. Schwab U.S. TIPS ETF comprises approximately 2.6% of Theory Financial LLC’s portfolio, making the stock its 12th biggest position. Theory Financial LLC’s holdings in Schwab U.S. TIPS ETF were worth $6,256,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Raymond James & Associates increased its position in shares of Schwab U.S. TIPS ETF by 48.8% in the 3rd quarter. Raymond James & Associates now owns 126,739 shares of the company’s stock valued at $6,797,000 after acquiring an additional 41,577 shares during the period. Mount Yale Investment Advisors LLC acquired a new position in shares of Schwab U.S. TIPS ETF in the 3rd quarter valued at $202,000. Signet Investment Advisory Group Inc. increased its position in shares of Schwab U.S. TIPS ETF by 1.4% in the 3rd quarter. Signet Investment Advisory Group Inc. now owns 160,950 shares of the company’s stock valued at $8,632,000 after acquiring an additional 2,247 shares during the period. CWC Advisors LLC. acquired a new position in shares of Schwab U.S. TIPS ETF in the 3rd quarter valued at $314,000. Finally, NorthCrest Asset Manangement LLC acquired a new position in shares of Schwab U.S. TIPS ETF in the 3rd quarter valued at $223,000.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA SCHP opened at $26.39 on Friday. The stock’s fifty day moving average price is $26.01 and its 200 day moving average price is $26.30. Schwab U.S. TIPS ETF has a 1 year low of $25.46 and a 1 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.