Hirtle Callaghan & Co LLC Has $17.69 Million Stock Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Hirtle Callaghan & Co LLC raised its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 80.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 684,842 shares of the company’s stock after purchasing an additional 305,881 shares during the quarter. Schwab U.S. TIPS ETF accounts for 0.7% of Hirtle Callaghan & Co LLC’s portfolio, making the stock its 22nd largest holding. Hirtle Callaghan & Co LLC’s holdings in Schwab U.S. TIPS ETF were worth $17,689,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Congress Wealth Management LLC DE boosted its holdings in Schwab U.S. TIPS ETF by 81.3% during the fourth quarter. Congress Wealth Management LLC DE now owns 113,484 shares of the company’s stock valued at $2,931,000 after purchasing an additional 50,879 shares in the last quarter. Clune & Associates LTD. acquired a new position in shares of Schwab U.S. TIPS ETF in the 4th quarter worth approximately $986,000. Community Bank N.A. boosted its holdings in shares of Schwab U.S. TIPS ETF by 100.0% in the 4th quarter. Community Bank N.A. now owns 1,052 shares of the company’s stock worth $27,000 after acquiring an additional 526 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 125.8% in the 4th quarter. LPL Financial LLC now owns 1,034,911 shares of the company’s stock worth $26,732,000 after acquiring an additional 576,580 shares in the last quarter. Finally, Fortis Capital Management LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 88.8% in the 4th quarter. Fortis Capital Management LLC now owns 265,800 shares of the company’s stock worth $6,866,000 after acquiring an additional 125,049 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of SCHP opened at $26.66 on Monday. Schwab U.S. TIPS ETF has a one year low of $25.46 and a one year high of $26.96. The business’s 50 day simple moving average is $26.30 and its 200-day simple moving average is $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.