Richardson Financial Services Inc. Raises Stock Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Richardson Financial Services Inc. lifted its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 74.7% during the fourth quarter, Holdings Channel reports. The fund owned 5,773 shares of the company’s stock after purchasing an additional 2,468 shares during the quarter. Richardson Financial Services Inc.’s holdings in Schwab U.S. TIPS ETF were worth $149,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quadratic Capital Management LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 24.5% during the fourth quarter. Quadratic Capital Management LLC now owns 14,235,092 shares of the company’s stock worth $367,692,000 after purchasing an additional 2,803,683 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Schwab U.S. TIPS ETF by 17.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,972,150 shares of the company’s stock worth $534,806,000 after buying an additional 1,458,886 shares during the last quarter. Stephens Group Asset Management LLC grew its holdings in Schwab U.S. TIPS ETF by 105.9% in the 4th quarter. Stephens Group Asset Management LLC now owns 1,696,759 shares of the company’s stock valued at $43,827,000 after buying an additional 872,511 shares during the period. Empower Advisory Group LLC increased its stake in shares of Schwab U.S. TIPS ETF by 5.1% during the 3rd quarter. Empower Advisory Group LLC now owns 17,735,859 shares of the company’s stock valued at $951,174,000 after acquiring an additional 857,417 shares during the last quarter. Finally, LifeGuide Financial Advisors LLC lifted its holdings in shares of Schwab U.S. TIPS ETF by 110.6% during the 4th quarter. LifeGuide Financial Advisors LLC now owns 1,567,621 shares of the company’s stock worth $40,492,000 after acquiring an additional 823,329 shares during the period.

Schwab U.S. TIPS ETF Price Performance

SCHP opened at $26.15 on Monday. Schwab U.S. TIPS ETF has a 1 year low of $25.46 and a 1 year high of $26.96. The company’s 50 day simple moving average is $26.03 and its 200 day simple moving average is $26.29.

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.