Schwab U.S. TIPS ETF $SCHP is Municipal Employees Retirement System of Michigan’s 7th Largest Position

Municipal Employees Retirement System of Michigan reduced its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 7.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,248,383 shares of the company’s stock after selling 1,152,844 shares during the period. Schwab U.S. TIPS ETF makes up 4.6% of Municipal Employees Retirement System of Michigan’s portfolio, making the stock its 7th largest holding. Municipal Employees Retirement System of Michigan’s holdings in Schwab U.S. TIPS ETF were worth $403,930,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Lloyd Advisory Services LLC. purchased a new position in shares of Schwab U.S. TIPS ETF in the 4th quarter worth $29,000. Geometric Wealth Advisors grew its stake in shares of Schwab U.S. TIPS ETF by 58.2% in the 4th quarter. Geometric Wealth Advisors now owns 14,224 shares of the company’s stock worth $377,000 after buying an additional 5,231 shares in the last quarter. Advisory Alpha LLC grew its stake in shares of Schwab U.S. TIPS ETF by 1.9% in the 4th quarter. Advisory Alpha LLC now owns 1,041,339 shares of the company’s stock worth $27,586,000 after buying an additional 19,048 shares in the last quarter. Evoke Wealth LLC grew its stake in shares of Schwab U.S. TIPS ETF by 16.5% in the 4th quarter. Evoke Wealth LLC now owns 9,032,516 shares of the company’s stock worth $239,272,000 after buying an additional 1,281,394 shares in the last quarter. Finally, SGL Investment Advisors Inc. grew its stake in shares of Schwab U.S. TIPS ETF by 20.7% in the 4th quarter. SGL Investment Advisors Inc. now owns 30,273 shares of the company’s stock worth $807,000 after buying an additional 5,194 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Up 0.0%

SCHP stock opened at $26.63 on Friday. Schwab U.S. TIPS ETF has a 12 month low of $26.20 and a 12 month high of $27.19. The company has a 50-day moving average price of $26.73 and a 200 day moving average price of $26.71.

Schwab U.S. TIPS ETF 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.