Platt Investment Counsel LLC Takes Position in Schwab U.S. TIPS ETF $SCHP

Platt Investment Counsel LLC acquired a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the third quarter, Holdings Channel.com reports. The fund acquired 248,356 shares of the company’s stock, valued at approximately $6,693,000. Schwab U.S. TIPS ETF accounts for approximately 5.3% of Platt Investment Counsel LLC’s holdings, making the stock its 7th largest holding.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mogy Joel R Investment Counsel Inc. bought a new stake in shares of Schwab U.S. TIPS ETF during the second quarter valued at about $32,000. Bessemer Group Inc. purchased a new position in Schwab U.S. TIPS ETF during the second quarter valued at approximately $32,000. Hantz Financial Services Inc. bought a new stake in Schwab U.S. TIPS ETF during the 2nd quarter worth approximately $35,000. Bogart Wealth LLC increased its holdings in Schwab U.S. TIPS ETF by 64.1% during the 2nd quarter. Bogart Wealth LLC now owns 1,411 shares of the company’s stock worth $38,000 after acquiring an additional 551 shares during the period. Finally, Horizon Bancorp Inc. IN purchased a new stake in Schwab U.S. TIPS ETF in the 2nd quarter worth approximately $43,000.

Schwab U.S. TIPS ETF Stock Performance

NYSEARCA:SCHP opened at $26.46 on Tuesday. The business has a 50 day moving average of $26.85 and a 200 day moving average of $26.76. Schwab U.S. TIPS ETF has a 1-year low of $25.68 and a 1-year high of $27.19.

Analyst Ratings Changes

Separately, Sanford C. Bernstein upgraded shares of Schwab U.S. TIPS ETF to a “hold” rating in a research report on Friday, December 5th.

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.