Fifth Third Securities Inc. Increases Stock Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Fifth Third Securities Inc. boosted its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 518.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 137,303 shares of the company’s stock after acquiring an additional 115,119 shares during the quarter. Fifth Third Securities Inc.’s holdings in Schwab U.S. TIPS ETF were worth $3,547,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SCHP. Empower Advisory Group LLC lifted its position in shares of Schwab U.S. TIPS ETF by 5.1% during the third quarter. Empower Advisory Group LLC now owns 17,735,859 shares of the company’s stock worth $951,174,000 after purchasing an additional 857,417 shares in the last quarter. Quadratic Capital Management LLC lifted its position in shares of Schwab U.S. TIPS ETF by 24.5% during the fourth quarter. Quadratic Capital Management LLC now owns 14,235,092 shares of the company’s stock worth $367,692,000 after purchasing an additional 2,803,683 shares in the last quarter. JPMorgan Chase & Co. lifted its position 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. Cerity Partners LLC lifted its position in shares of Schwab U.S. TIPS ETF by 19.8% during the third quarter. Cerity Partners LLC now owns 3,922,743 shares of the company’s stock worth $210,377,000 after purchasing an additional 648,333 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its position in shares of Schwab U.S. TIPS ETF by 7.7% during the third quarter. CENTRAL TRUST Co now owns 3,054,602 shares of the company’s stock worth $163,818,000 after purchasing an additional 217,441 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of SCHP opened at $26.13 on Friday. Schwab U.S. TIPS ETF has a 1 year low of $25.46 and a 1 year high of $26.96. The company’s 50-day simple moving average is $26.03 and its 200-day simple moving average is $26.30.

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.