SRS Capital Advisors Inc. Purchases 689,682 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

SRS Capital Advisors Inc. lifted its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 98.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,390,147 shares of the company’s stock after acquiring an additional 689,682 shares during the quarter. Schwab U.S. TIPS ETF makes up approximately 2.3% of SRS Capital Advisors Inc.’s portfolio, making the stock its 7th biggest position. SRS Capital Advisors Inc. owned 0.66% of Schwab U.S. TIPS ETF worth $35,908,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Empower Advisory Group LLC raised its position in shares of Schwab U.S. TIPS ETF by 116.0% in the 4th quarter. Empower Advisory Group LLC now owns 38,301,085 shares of the company’s stock worth $989,317,000 after acquiring an additional 20,565,226 shares in the last quarter. Quadratic Capital Management LLC raised its position in shares of Schwab U.S. TIPS ETF by 24.5% in the 4th quarter. Quadratic Capital Management LLC now owns 14,235,092 shares of the company’s stock worth $367,692,000 after acquiring an additional 2,803,683 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Schwab U.S. TIPS ETF by 17.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,972,150 shares of the company’s stock worth $534,806,000 after acquiring an additional 1,458,886 shares in the last quarter. CENTRAL TRUST Co raised its position in shares of Schwab U.S. TIPS ETF by 92.2% in the 4th quarter. CENTRAL TRUST Co now owns 5,872,188 shares of the company’s stock worth $151,679,000 after acquiring an additional 2,817,586 shares in the last quarter. Finally, Cerity Partners LLC raised its position in shares of Schwab U.S. TIPS ETF by 19.8% in the 3rd quarter. Cerity Partners LLC now owns 3,922,743 shares of the company’s stock worth $210,377,000 after acquiring an additional 648,333 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

SCHP stock opened at $26.71 on Friday. The stock has a 50-day moving average price of $26.06 and a 200-day moving average price of $26.31. Schwab U.S. TIPS ETF has a 1-year low of $25.46 and a 1-year high of $26.96.

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.