Sequoia Financial Advisors LLC Purchases 30,762 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Sequoia Financial Advisors LLC increased its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 100.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,373 shares of the company’s stock after acquiring an additional 30,762 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $1,585,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Empower Advisory Group LLC grew its stake in shares of 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 acquiring an additional 20,565,226 shares during the last quarter. Quadratic Capital Management LLC grew its position in 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 purchasing an additional 2,803,683 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Schwab U.S. TIPS ETF by 17.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,972,150 shares of the company’s stock worth $534,806,000 after purchasing an additional 1,458,886 shares during the period. Lincoln National Corp raised its position in shares of 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 valued at $212,509,000 after buying an additional 4,118,522 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its stake in shares of Schwab U.S. TIPS ETF by 92.2% in the fourth quarter. CENTRAL TRUST Co now owns 5,872,188 shares of the company’s stock valued at $151,679,000 after buying an additional 2,817,586 shares during the period.

Schwab U.S. TIPS ETF Price Performance

SCHP stock opened at $26.46 on Friday. Schwab U.S. TIPS ETF has a twelve month low of $25.46 and a twelve month high of $26.96. The business’s 50-day simple moving average is $26.22 and its 200 day simple moving average is $26.32.

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.