Assetmark Inc. Raises Stock Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Assetmark Inc. lifted its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 265.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,548,166 shares of the company’s stock after acquiring an additional 1,124,185 shares during the quarter. Assetmark Inc. owned 0.73% of Schwab U.S. TIPS ETF worth $39,989,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Empower Advisory Group LLC increased its position in Schwab U.S. TIPS ETF by 116.0% in the fourth quarter. Empower Advisory Group LLC now owns 38,301,085 shares of the company’s stock worth $989,317,000 after buying an additional 20,565,226 shares during the last quarter. Quadratic Capital Management LLC increased its position in 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 buying an additional 2,803,683 shares during the last quarter. JPMorgan Chase & Co. increased its position in Schwab U.S. TIPS ETF by 17.1% in the third quarter. JPMorgan Chase & Co. now owns 9,972,150 shares of the company’s stock worth $534,806,000 after buying an additional 1,458,886 shares during the last quarter. Lincoln National Corp increased its position in Schwab U.S. TIPS ETF by 100.2% in the fourth quarter. Lincoln National Corp now owns 8,227,198 shares of the company’s stock worth $212,509,000 after buying an additional 4,118,522 shares during the last quarter. Finally, CENTRAL TRUST Co increased its position in Schwab U.S. TIPS ETF by 92.2% in the fourth quarter. CENTRAL TRUST Co now owns 5,872,188 shares of the company’s stock worth $151,679,000 after buying an additional 2,817,586 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA:SCHP opened at $26.54 on Thursday. The business has a fifty day simple moving average of $26.12 and a two-hundred day simple moving average of $26.32. 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.