Proffitt & Goodson Inc. Raises Stock Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Proffitt & Goodson Inc. grew its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 105.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 476,091 shares of the company’s stock after acquiring an additional 244,287 shares during the period. Schwab U.S. TIPS ETF comprises approximately 2.0% of Proffitt & Goodson Inc.’s portfolio, making the stock its 13th biggest holding. Proffitt & Goodson Inc.’s holdings in Schwab U.S. TIPS ETF were worth $12,297,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Empower Advisory Group LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 116.0% during the 4th 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 boosted its stake in shares of Schwab U.S. TIPS ETF by 24.5% during 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 period. JPMorgan Chase & Co. boosted its stake 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. CENTRAL TRUST Co boosted its stake in shares of Schwab U.S. TIPS ETF by 92.2% during the 4th 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 during the period. Finally, Cerity Partners LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 19.8% during the 3rd quarter. Cerity Partners LLC now owns 3,922,743 shares of the company’s stock worth $210,377,000 after purchasing an additional 648,333 shares during the period.

Schwab U.S. TIPS ETF Stock Up 0.6 %

SCHP stock opened at $26.71 on Friday. Schwab U.S. TIPS ETF has a 12 month low of $25.46 and a 12 month high of $26.96. The company has a 50-day moving average price of $26.06 and a 200 day moving average price of $26.31.

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.