Red Tortoise LLC Has $3.19 Million Stock Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Red Tortoise LLC lifted its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 101.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 123,484 shares of the company’s stock after buying an additional 62,159 shares during the period. Schwab U.S. TIPS ETF makes up approximately 1.7% of Red Tortoise LLC’s portfolio, making the stock its 15th largest position. Red Tortoise LLC’s holdings in Schwab U.S. TIPS ETF were worth $3,190,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Simplicity Wealth LLC increased its position in Schwab U.S. TIPS ETF by 6.7% during the third quarter. Simplicity Wealth LLC now owns 5,016 shares of the company’s stock worth $269,000 after buying an additional 314 shares during the last quarter. CWM LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 13.9% during the 3rd quarter. CWM LLC now owns 2,810 shares of the company’s stock worth $151,000 after acquiring an additional 344 shares in the last quarter. Pinnacle Bancorp Inc. increased its holdings in shares of Schwab U.S. TIPS ETF by 2.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 15,492 shares of the company’s stock valued at $831,000 after acquiring an additional 364 shares during the last quarter. Covestor Ltd raised its stake in shares of Schwab U.S. TIPS ETF by 7.4% in the 3rd quarter. Covestor Ltd now owns 5,625 shares of the company’s stock valued at $302,000 after acquiring an additional 388 shares in the last quarter. Finally, Aptus Capital Advisors LLC raised its stake in shares of Schwab U.S. TIPS ETF by 8.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 4,782 shares of the company’s stock valued at $256,000 after acquiring an additional 392 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Up 0.1 %

Shares of Schwab U.S. TIPS ETF stock opened at $26.15 on Monday. Schwab U.S. TIPS ETF has a 12-month low of $25.46 and a 12-month high of $26.96. The stock has a 50 day moving average price of $26.03 and a two-hundred day moving average price of $26.29.

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.