JPMorgan Chase & Co. Purchases 1,458,886 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

JPMorgan Chase & Co. lifted its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 17.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,972,150 shares of the company’s stock after acquiring an additional 1,458,886 shares during the period. JPMorgan Chase & Co.’s holdings in Schwab U.S. TIPS ETF were worth $534,806,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. LGT Financial Advisors LLC grew its holdings in Schwab U.S. TIPS ETF by 81.8% in the second quarter. LGT Financial Advisors LLC now owns 680 shares of the company’s stock worth $35,000 after purchasing an additional 306 shares during the period. Family Asset Management LLC purchased a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter worth approximately $36,000. Capital Performance Advisors LLP bought a new position in Schwab U.S. TIPS ETF during the 3rd quarter valued at approximately $63,000. Fairscale Capital LLC bought a new stake in Schwab U.S. TIPS ETF in the second quarter worth $105,000. Finally, CWM LLC grew its stake in shares of Schwab U.S. TIPS ETF by 13.9% in the third quarter. CWM LLC now owns 2,810 shares of the company’s stock worth $151,000 after acquiring an additional 344 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Down 0.2 %

SCHP opened at $25.74 on Friday. The stock has a 50-day moving average price of $26.20 and a 200-day moving average price 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 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.