Wealth Enhancement Advisory Services LLC Has $57.40 Million Holdings in Schwab U.S. TIPS ETF $SCHP

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 4.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,134,703 shares of the company’s stock after buying an additional 91,871 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Schwab U.S. TIPS ETF were worth $57,402,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Financial Consulate Inc. bought a new position in Schwab U.S. TIPS ETF during the third quarter worth $29,000. Bessemer Group Inc. acquired a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter valued at about $32,000. Hantz Financial Services Inc. bought a new stake in Schwab U.S. TIPS ETF in the 2nd quarter valued at about $35,000. Bogart Wealth LLC raised its stake in Schwab U.S. TIPS ETF by 64.1% during the 2nd quarter. Bogart Wealth LLC now owns 1,411 shares of the company’s stock worth $38,000 after buying an additional 551 shares during the period. Finally, Glass Jacobson Investment Advisors llc boosted its holdings in Schwab U.S. TIPS ETF by 35.3% in the third quarter. Glass Jacobson Investment Advisors llc now owns 1,469 shares of the company’s stock worth $40,000 after acquiring an additional 383 shares in the last quarter.

Analyst Ratings Changes

Separately, Sanford C. Bernstein raised Schwab U.S. TIPS ETF to a “hold” rating in a research report on Friday, December 5th.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP traded down $0.06 on Tuesday, reaching $26.47. 501,025 shares of the company’s stock traded hands, compared to its average volume of 5,577,605. The stock’s 50 day simple moving average is $26.67 and its two-hundred day simple moving average is $26.77. Schwab U.S. TIPS ETF has a 52-week low of $25.83 and a 52-week high of $27.19.

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.