Patriot Investment Management Group Inc. Increases Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Patriot Investment Management Group Inc. raised its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 58.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,317 shares of the company’s stock after acquiring an additional 12,613 shares during the period. Patriot Investment Management Group Inc.’s holdings in Schwab U.S. TIPS ETF were worth $886,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SCHP. Quadratic Capital Management LLC increased its holdings 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 valued at $367,692,000 after purchasing an additional 2,803,683 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in 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 valued at $534,806,000 after buying an additional 1,458,886 shares in the last quarter. Stephens Group Asset Management LLC increased its stake in shares of Schwab U.S. TIPS ETF by 105.9% in the 4th quarter. Stephens Group Asset Management LLC now owns 1,696,759 shares of the company’s stock worth $43,827,000 after acquiring an additional 872,511 shares during the last quarter. Empower Advisory Group LLC raised its holdings in shares of Schwab U.S. TIPS ETF by 5.1% during the 3rd quarter. Empower Advisory Group LLC now owns 17,735,859 shares of the company’s stock worth $951,174,000 after acquiring an additional 857,417 shares during the period. Finally, LifeGuide Financial Advisors LLC grew its holdings in shares of Schwab U.S. TIPS ETF by 110.6% in the fourth quarter. LifeGuide Financial Advisors LLC now owns 1,567,621 shares of the company’s stock valued at $40,492,000 after purchasing an additional 823,329 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

Schwab U.S. TIPS ETF stock opened at $25.96 on Friday. The company has a 50-day moving average price of $26.04 and a 200 day moving average price of $26.30. Schwab U.S. TIPS ETF has a 12-month low of $25.46 and a 12-month 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.