Kings Path Partners LLC Boosts Stake in Schwab U.S. TIPS ETF $SCHP

Kings Path Partners LLC increased its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 38.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,027 shares of the company’s stock after buying an additional 49,217 shares during the period. Schwab U.S. TIPS ETF accounts for about 1.9% of Kings Path Partners LLC’s investment portfolio, making the stock its 14th biggest position. Kings Path Partners LLC’s holdings in Schwab U.S. TIPS ETF were worth $4,750,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SCHP. JPMorgan Chase & Co. lifted its position in shares of Schwab U.S. TIPS ETF by 1,240.8% in the first quarter. JPMorgan Chase & Co. now owns 17,556,656 shares of the company’s stock worth $472,102,000 after buying an additional 16,247,258 shares in the last quarter. Wealthfront Advisers LLC grew its position in Schwab U.S. TIPS ETF by 26.9% in the first quarter. Wealthfront Advisers LLC now owns 28,220,930 shares of the company’s stock worth $758,861,000 after acquiring an additional 5,986,682 shares in the last quarter. Nepc LLC increased its stake in Schwab U.S. TIPS ETF by 157.0% during the fourth quarter. Nepc LLC now owns 7,637,467 shares of the company’s stock worth $197,276,000 after acquiring an additional 4,666,256 shares during the last quarter. Empower Advisory Group LLC increased its stake in Schwab U.S. TIPS ETF by 6.2% during the first quarter. Empower Advisory Group LLC now owns 40,669,805 shares of the company’s stock worth $1,093,611,000 after acquiring an additional 2,368,720 shares during the last quarter. Finally, Garde Capital Inc. bought a new stake in Schwab U.S. TIPS ETF during the first quarter worth approximately $28,300,000.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA SCHP opened at $27.05 on Friday. The business’s 50 day moving average is $26.72 and its two-hundred day moving average is $26.58. Schwab U.S. TIPS ETF has a 1-year low of $25.68 and a 1-year high of $27.11.

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.