Raymond James Financial Inc. Acquires New Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Raymond James Financial Inc. acquired a new stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 736,563 shares of the company’s stock, valued at approximately $19,025,000. Raymond James Financial Inc. owned 0.35% of Schwab U.S. TIPS ETF at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Empower Advisory Group LLC grew its stake in shares of Schwab U.S. TIPS ETF by 116.0% during the 4th quarter. Empower Advisory Group LLC now owns 38,301,085 shares of the company’s stock valued at $989,317,000 after acquiring an additional 20,565,226 shares during the period. Quadratic Capital Management LLC boosted its stake in 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 worth $367,692,000 after purchasing an additional 2,803,683 shares during the period. JPMorgan Chase & Co. boosted its stake in 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 worth $534,806,000 after purchasing an additional 1,458,886 shares during the period. Lincoln National Corp boosted its stake in Schwab U.S. TIPS ETF by 100.2% in the 4th quarter. Lincoln National Corp now owns 8,227,198 shares of the company’s stock worth $212,509,000 after purchasing an additional 4,118,522 shares during the period. Finally, CENTRAL TRUST Co boosted its stake in Schwab U.S. TIPS ETF by 92.2% in the 4th quarter. CENTRAL TRUST Co now owns 5,872,188 shares of the company’s stock worth $151,679,000 after purchasing an additional 2,817,586 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

SCHP stock opened at $26.46 on Monday. Schwab U.S. TIPS ETF has a 1-year low of $25.46 and a 1-year high of $26.96. The business has a 50 day simple moving average of $26.22 and a two-hundred day simple moving average of $26.31.

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.