Lifeworks Advisors LLC Makes New $302,000 Investment in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Lifeworks Advisors LLC purchased a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the fourth quarter, Holdings Channel reports. The fund purchased 11,694 shares of the company’s stock, valued at approximately $302,000.

Several other institutional investors and hedge funds also recently modified their holdings of SCHP. Empower Advisory Group LLC lifted 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 worth $989,317,000 after purchasing an additional 20,565,226 shares during the period. Quadratic Capital Management LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 24.5% in the 4th quarter. Quadratic Capital Management LLC now owns 14,235,092 shares of the company’s stock worth $367,692,000 after acquiring an additional 2,803,683 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Schwab U.S. TIPS ETF by 17.1% in 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. Lincoln National Corp raised its holdings in Schwab U.S. TIPS ETF by 100.2% during the fourth quarter. Lincoln National Corp now owns 8,227,198 shares of the company’s stock worth $212,509,000 after purchasing an additional 4,118,522 shares in the last quarter. Finally, CENTRAL TRUST Co raised its holdings in Schwab U.S. TIPS ETF by 92.2% during the fourth quarter. CENTRAL TRUST Co now owns 5,872,188 shares of the company’s stock worth $151,679,000 after purchasing an additional 2,817,586 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Down 0.2 %

Shares of NYSEARCA SCHP opened at $26.49 on Friday. Schwab U.S. TIPS ETF has a 1 year low of $25.46 and a 1 year high of $26.96. The stock has a fifty day moving average price of $26.15 and a two-hundred day moving average price of $26.32.

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.