Focus Financial Network Inc. Acquires 228,911 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Focus Financial Network Inc. lifted its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 665.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 263,315 shares of the company’s stock after buying an additional 228,911 shares during the quarter. Focus Financial Network Inc.’s holdings in Schwab U.S. TIPS ETF were worth $6,801,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. CENTRAL TRUST Co lifted its stake 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 valued at $151,679,000 after buying an additional 2,817,586 shares in the last quarter. Quadratic Capital Management LLC lifted its position in Schwab U.S. TIPS ETF by 24.5% in the 4th quarter. Quadratic Capital Management LLC now owns 14,235,092 shares of the company’s stock valued at $367,692,000 after acquiring an additional 2,803,683 shares in the last quarter. JPMorgan Chase & Co. lifted its position 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 acquiring an additional 1,458,886 shares in the last quarter. Stephens Group Asset Management LLC boosted its stake in 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 purchasing an additional 872,511 shares during the period. Finally, Empower Advisory Group LLC increased its holdings in 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 purchasing an additional 857,417 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of Schwab U.S. TIPS ETF stock opened at $26.26 on Tuesday. The stock’s 50-day moving average is $26.02 and its 200-day moving average is $26.30. Schwab U.S. TIPS ETF has a one year low of $25.46 and a one year high of $26.96.

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.