Farther Finance Advisors LLC Has $429,000 Stock Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Farther Finance Advisors LLC increased its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 116.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,614 shares of the company’s stock after acquiring an additional 8,954 shares during the quarter. Farther Finance Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $429,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. EverSource Wealth Advisors LLC raised its holdings in Schwab U.S. TIPS ETF by 69.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 22,160 shares of the company’s stock worth $572,000 after purchasing an additional 9,063 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Schwab U.S. TIPS ETF by 100.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 61,373 shares of the company’s stock worth $1,585,000 after purchasing an additional 30,762 shares during the period. HighTower Advisors LLC raised its holdings in Schwab U.S. TIPS ETF by 126.1% in the fourth quarter. HighTower Advisors LLC now owns 390,413 shares of the company’s stock worth $10,084,000 after purchasing an additional 217,777 shares during the period. Avantax Planning Partners Inc. raised its holdings in Schwab U.S. TIPS ETF by 112.6% in the fourth quarter. Avantax Planning Partners Inc. now owns 159,390 shares of the company’s stock worth $4,117,000 after purchasing an additional 84,429 shares during the period. Finally, Inspire Advisors LLC acquired a new stake in Schwab U.S. TIPS ETF in the fourth quarter worth $347,000.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA:SCHP opened at $26.46 on Monday. Schwab U.S. TIPS ETF has a 12 month low of $25.46 and a 12 month high of $26.96. The company’s fifty day simple moving average is $26.22 and its 200 day simple moving average is $26.31.

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.