Evoke Wealth LLC Has $125.55 Million Stock Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Evoke Wealth LLC lifted its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 92.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,860,747 shares of the company’s stock after purchasing an additional 2,331,554 shares during the quarter. Schwab U.S. TIPS ETF comprises about 3.5% of Evoke Wealth LLC’s investment portfolio, making the stock its 5th largest holding. Evoke Wealth LLC owned 2.30% of Schwab U.S. TIPS ETF worth $125,553,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Principal Financial Group Inc. boosted its stake in Schwab U.S. TIPS ETF by 6.3% during the third quarter. Principal Financial Group Inc. now owns 173,650 shares of the company’s stock valued at $9,313,000 after buying an additional 10,327 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of Schwab U.S. TIPS ETF by 91.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 26,241 shares of the company’s stock valued at $1,407,000 after purchasing an additional 12,506 shares in the last quarter. CIBC Asset Management Inc acquired a new position in shares of Schwab U.S. TIPS ETF in the 3rd quarter worth approximately $550,000. Thrivent Financial for Lutherans grew its stake in shares of Schwab U.S. TIPS ETF by 11.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 236,898 shares of the company’s stock worth $12,705,000 after purchasing an additional 24,850 shares during the last quarter. Finally, Phillips Financial Management LLC raised its holdings in shares of Schwab U.S. TIPS ETF by 76.7% in the 3rd quarter. Phillips Financial Management LLC now owns 31,013 shares of the company’s stock worth $1,663,000 after purchasing an additional 13,461 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA:SCHP opened at $26.49 on Tuesday. Schwab U.S. TIPS ETF has a 1-year low of $25.46 and a 1-year high of $26.96. The company has a 50 day moving average price of $26.23 and a 200 day moving average price 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.