Schwab U.S. TIPS ETF $SCHP Stock Position Boosted by Evoke Wealth LLC

Evoke Wealth LLC lifted its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 16.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,032,516 shares of the company’s stock after purchasing an additional 1,281,394 shares during the quarter. Schwab U.S. TIPS ETF makes up 4.5% of Evoke Wealth LLC’s holdings, making the stock its 3rd largest position. Evoke Wealth LLC’s holdings in Schwab U.S. TIPS ETF were worth $239,272,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Founders Financial Alliance LLC grew its position in shares of Schwab U.S. TIPS ETF by 392.8% during the third quarter. Founders Financial Alliance LLC now owns 961 shares of the company’s stock worth $26,000 after acquiring an additional 766 shares during the last quarter. Olistico Wealth LLC purchased a new position in shares of Schwab U.S. TIPS ETF during the fourth quarter worth approximately $30,000. Ameritas Investment Partners Inc. grew its position in shares of Schwab U.S. TIPS ETF by 83.9% during the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock worth $32,000 after acquiring an additional 547 shares during the last quarter. AlphaCore Capital LLC grew its position in shares of Schwab U.S. TIPS ETF by 375.9% during the third quarter. AlphaCore Capital LLC now owns 1,561 shares of the company’s stock worth $42,000 after acquiring an additional 1,233 shares during the last quarter. Finally, LGT Financial Advisors LLC purchased a new position in shares of Schwab U.S. TIPS ETF during the third quarter worth approximately $49,000.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP opened at $26.63 on Friday. The company’s 50 day simple moving average is $26.73 and its 200-day simple moving average is $26.71. Schwab U.S. TIPS ETF has a 12-month low of $26.20 and a 12-month high of $27.19.

Schwab U.S. TIPS ETF 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.