First Heartland Consultants Inc. Has $2.18 Million Stock Holdings in Schwab U.S. TIPS ETF $SCHP

First Heartland Consultants Inc. raised its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 75.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 82,390 shares of the company’s stock after purchasing an additional 35,336 shares during the quarter. First Heartland Consultants Inc.’s holdings in Schwab U.S. TIPS ETF were worth $2,183,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Assetmark Inc. raised its stake in Schwab U.S. TIPS ETF by 4.5% during the 3rd quarter. Assetmark Inc. now owns 2,045,996 shares of the company’s stock worth $55,140,000 after buying an additional 88,125 shares during the period. Abbington Investment Group acquired a new position in Schwab U.S. TIPS ETF in the third quarter valued at about $1,927,000. Armstrong Advisory Group Inc. increased its holdings in shares of Schwab U.S. TIPS ETF by 6,626.5% in the third quarter. Armstrong Advisory Group Inc. now owns 621,258 shares of the company’s stock worth $16,743,000 after acquiring an additional 612,022 shares in the last quarter. Altfest L J & Co. Inc. raised its position in shares of Schwab U.S. TIPS ETF by 2.5% during the third quarter. Altfest L J & Co. Inc. now owns 1,009,579 shares of the company’s stock worth $27,208,000 after purchasing an additional 24,538 shares during the period. Finally, Cerity Partners LLC raised its position in shares of Schwab U.S. TIPS ETF by 2.3% during the second quarter. Cerity Partners LLC now owns 7,767,777 shares of the company’s stock worth $207,244,000 after purchasing an additional 177,384 shares during the period.

Schwab U.S. TIPS ETF Trading Down 0.1%

NYSEARCA:SCHP opened at $26.56 on Tuesday. The stock has a 50-day simple moving average of $26.72 and a 200 day simple moving average of $26.79. Schwab U.S. TIPS ETF has a 52-week low of $25.83 and a 52-week high of $27.19.

Analysts Set New Price Targets

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

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.