MBE Wealth Management LLC Grows Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

MBE Wealth Management LLC lifted its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 141.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 244,887 shares of the company’s stock after purchasing an additional 143,409 shares during the quarter. Schwab U.S. TIPS ETF comprises about 3.6% of MBE Wealth Management LLC’s portfolio, making the stock its 6th largest holding. MBE Wealth Management LLC owned about 0.12% of Schwab U.S. TIPS ETF worth $6,325,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SCHP. Quadratic Capital Management LLC raised its position in shares of 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 purchasing an additional 2,803,683 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 purchasing an additional 1,458,886 shares during the last quarter. Stephens Group Asset Management LLC raised its position 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 valued at $43,827,000 after purchasing an additional 872,511 shares during the last quarter. Empower Advisory Group LLC raised its position in shares of Schwab U.S. TIPS ETF by 5.1% in the 3rd quarter. Empower Advisory Group LLC now owns 17,735,859 shares of the company’s stock valued at $951,174,000 after purchasing an additional 857,417 shares during the last quarter. Finally, LifeGuide Financial Advisors LLC raised its position in shares of Schwab U.S. TIPS ETF by 110.6% in the 4th 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 last quarter.

Schwab U.S. TIPS ETF Stock Up 0.5 %

Shares of Schwab U.S. TIPS ETF stock opened at $26.12 on Tuesday. The company has a 50 day moving average price of $26.03 and a 200 day moving average price of $26.30. Schwab U.S. TIPS ETF has a 52 week low of $25.46 and a 52 week 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.