Riverpoint Wealth Management Holdings LLC Purchases 38,564 Shares of Schwab U.S. TIPS ETF $SCHP

Riverpoint Wealth Management Holdings LLC grew its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 19.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 241,406 shares of the company’s stock after purchasing an additional 38,564 shares during the quarter. Schwab U.S. TIPS ETF makes up about 1.4% of Riverpoint Wealth Management Holdings LLC’s investment portfolio, making the stock its 13th largest holding. Riverpoint Wealth Management Holdings LLC’s holdings in Schwab U.S. TIPS ETF were worth $6,395,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SCHP. US Bancorp DE boosted its position in shares of Schwab U.S. TIPS ETF by 899.8% in the third quarter. US Bancorp DE now owns 16,265,679 shares of the company’s stock worth $438,361,000 after purchasing an additional 14,638,820 shares during the period. Adventist Health System Sunbelt Healthcare Corp boosted its position in shares of Schwab U.S. TIPS ETF by 29,954.5% in the third quarter. Adventist Health System Sunbelt Healthcare Corp now owns 4,628,695 shares of the company’s stock worth $124,743,000 after purchasing an additional 4,613,294 shares during the period. Wealthfront Advisers LLC boosted its position in shares of Schwab U.S. TIPS ETF by 11.6% in the third quarter. Wealthfront Advisers LLC now owns 35,688,247 shares of the company’s stock worth $961,798,000 after purchasing an additional 3,718,170 shares during the period. Quadratic Capital Management LLC boosted its position in shares of Schwab U.S. TIPS ETF by 23.2% in the fourth quarter. Quadratic Capital Management LLC now owns 14,499,201 shares of the company’s stock worth $384,084,000 after purchasing an additional 2,732,156 shares during the period. Finally, Valpey Financial Services LLC boosted its position in shares of Schwab U.S. TIPS ETF by 2,722.6% in the fourth quarter. Valpey Financial Services LLC now owns 1,970,938 shares of the company’s stock worth $52,210,000 after purchasing an additional 1,901,111 shares during the period.

Schwab U.S. TIPS ETF Trading Up 0.0%

SCHP opened at $26.83 on Friday. Schwab U.S. TIPS ETF has a 1-year low of $26.20 and a 1-year high of $27.19. The company has a 50 day simple moving average of $26.72 and a two-hundred day simple moving average 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.