Stephens Group Asset Management LLC Grows Position in Schwab U.S. TIPS ETF $SCHP

Stephens Group Asset Management LLC lifted its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 8.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,705,045 shares of the company’s stock after purchasing an additional 139,191 shares during the quarter. Schwab U.S. TIPS ETF accounts for approximately 3.1% of Stephens Group Asset Management LLC’s portfolio, making the stock its 13th largest position. Stephens Group Asset Management LLC owned about 0.32% of Schwab U.S. TIPS ETF worth $45,951,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SCHP. Mogy Joel R Investment Counsel Inc. bought a new stake in Schwab U.S. TIPS ETF during the second quarter valued at approximately $32,000. Bessemer Group Inc. purchased a new stake in shares of Schwab U.S. TIPS ETF during the 2nd quarter valued at $32,000. Hantz Financial Services Inc. purchased a new stake in shares of Schwab U.S. TIPS ETF during the 2nd quarter valued at $35,000. Bogart Wealth LLC lifted its holdings in shares of 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 last quarter. Finally, Horizon Bancorp Inc. IN purchased a new position in Schwab U.S. TIPS ETF in the second quarter worth $43,000.

Analyst Ratings Changes

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

Schwab U.S. TIPS ETF Stock Up 0.1%

Shares of NYSEARCA SCHP opened at $26.65 on Wednesday. The firm’s fifty day moving average is $26.88 and its 200 day moving average is $26.76. Schwab U.S. TIPS ETF has a 52 week low of $25.68 and a 52 week high of $27.19.

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.