Envestnet Asset Management Inc. Buys 290,069 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Envestnet Asset Management Inc. lifted its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 24.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,467,323 shares of the company’s stock after acquiring an additional 290,069 shares during the period. Envestnet Asset Management Inc. owned 0.69% of Schwab U.S. TIPS ETF worth $76,315,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealthspire Advisors LLC boosted its stake in Schwab U.S. TIPS ETF by 38.9% during the 2nd quarter. Wealthspire Advisors LLC now owns 252,683 shares of the company’s stock valued at $13,142,000 after purchasing an additional 70,729 shares during the period. Hardin Capital Partners LLC acquired a new stake in shares of Schwab U.S. TIPS ETF in the second quarter worth $262,000. Pinkerton Retirement Specialists LLC increased its position in Schwab U.S. TIPS ETF by 3.9% during the second quarter. Pinkerton Retirement Specialists LLC now owns 12,259 shares of the company’s stock worth $638,000 after acquiring an additional 461 shares during the period. Frontier Asset Management LLC raised its stake in Schwab U.S. TIPS ETF by 1.9% during the 2nd quarter. Frontier Asset Management LLC now owns 45,860 shares of the company’s stock valued at $2,385,000 after purchasing an additional 840 shares during the last quarter. Finally, HCR Wealth Advisors boosted its holdings in Schwab U.S. TIPS ETF by 1.9% in the 2nd quarter. HCR Wealth Advisors now owns 118,640 shares of the company’s stock valued at $6,170,000 after purchasing an additional 2,187 shares during the period.

Schwab U.S. TIPS ETF Stock Down 0.0 %

Shares of SCHP opened at $53.77 on Wednesday. The company has a 50-day simple moving average of $52.79 and a 200-day simple moving average of $52.14. Schwab U.S. TIPS ETF has a 52 week low of $49.50 and a 52 week high of $53.83.

Schwab U.S. TIPS ETF Company 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.