Archvest Wealth Advisors Inc. Has $1.38 Million Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Archvest Wealth Advisors Inc. raised its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 102.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 53,305 shares of the company’s stock after buying an additional 26,979 shares during the period. Schwab U.S. TIPS ETF comprises 1.0% of Archvest Wealth Advisors Inc.’s holdings, making the stock its 22nd largest position. Archvest Wealth Advisors Inc.’s holdings in Schwab U.S. TIPS ETF were worth $1,377,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empower Advisory Group LLC increased its stake in Schwab U.S. TIPS ETF by 5.1% in the 3rd quarter. Empower Advisory Group LLC now owns 17,735,859 shares of the company’s stock valued at $951,174,000 after buying an additional 857,417 shares during the period. Quadratic Capital Management LLC increased its stake 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 worth $367,692,000 after acquiring an additional 2,803,683 shares during the last quarter. JPMorgan Chase & Co. raised its holdings 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 acquiring an additional 1,458,886 shares in the last quarter. CENTRAL TRUST Co boosted its position in Schwab U.S. TIPS ETF by 92.2% during the fourth quarter. CENTRAL TRUST Co now owns 5,872,188 shares of the company’s stock valued at $151,679,000 after purchasing an additional 2,817,586 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in 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 valued at $210,377,000 after purchasing an additional 648,333 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Down 0.3 %

Shares of SCHP stock opened at $26.25 on Friday. Schwab U.S. TIPS ETF has a fifty-two week low of $25.46 and a fifty-two week high of $26.96. The stock’s 50-day moving average is $26.02 and its two-hundred day 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.