Modera Wealth Management LLC Raises Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Modera Wealth Management LLC lifted its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 322.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 764,539 shares of the company’s stock after buying an additional 583,440 shares during the quarter. Modera Wealth Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $19,748,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SRS Capital Advisors Inc. increased its stake in Schwab U.S. TIPS ETF by 98.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,390,147 shares of the company’s stock worth $35,908,000 after buying an additional 689,682 shares during the period. Kohmann Bosshard Financial Services LLC increased its position in shares of Schwab U.S. TIPS ETF by 114.5% during the fourth quarter. Kohmann Bosshard Financial Services LLC now owns 1,182,843 shares of the company’s stock worth $30,553,000 after acquiring an additional 631,409 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 147.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 13,655 shares of the company’s stock worth $353,000 after acquiring an additional 8,127 shares in the last quarter. Sherman Asset Management Inc. purchased a new position in Schwab U.S. TIPS ETF in the fourth quarter valued at about $1,179,000. Finally, TPG Advisors LLC boosted its holdings in Schwab U.S. TIPS ETF by 67.3% in the fourth quarter. TPG Advisors LLC now owns 8,644 shares of the company’s stock valued at $223,000 after purchasing an additional 3,478 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

SCHP stock opened at $26.71 on Friday. The firm has a 50 day simple moving average of $26.06 and a 200-day simple moving average of $26.31. Schwab U.S. TIPS ETF has a twelve month low of $25.46 and a twelve month high of $26.96.

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.