Howe & Rusling Inc. Increases Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Howe & Rusling Inc. boosted its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 544.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,680 shares of the company’s stock after purchasing an additional 2,264 shares during the period. Howe & Rusling Inc.’s holdings in Schwab U.S. TIPS ETF were worth $69,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Empower Advisory Group LLC lifted its position in shares of Schwab U.S. TIPS ETF by 116.0% during the 4th quarter. Empower Advisory Group LLC now owns 38,301,085 shares of the company’s stock valued at $989,317,000 after buying an additional 20,565,226 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in Schwab U.S. TIPS ETF during the fourth quarter valued at $402,061,000. Quadratic Capital Management LLC grew its position in shares of Schwab U.S. TIPS ETF by 24.5% in the fourth quarter. Quadratic Capital Management LLC now owns 14,235,092 shares of the company’s stock valued at $367,692,000 after purchasing an additional 2,803,683 shares during the period. Sei Investments Co. grew its position in shares of Schwab U.S. TIPS ETF by 108.6% in the fourth quarter. Sei Investments Co. now owns 11,217,087 shares of the company’s stock valued at $289,734,000 after purchasing an additional 5,840,961 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Schwab U.S. TIPS ETF by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 9,972,150 shares of the company’s stock worth $534,806,000 after purchasing an additional 1,458,886 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Up 0.6 %

Shares of Schwab U.S. TIPS ETF stock opened at $26.78 on Friday. Schwab U.S. TIPS ETF has a twelve month low of $25.46 and a twelve month high of $26.96. The firm’s 50-day moving average price is $26.38 and its 200 day moving average price is $26.32.

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.