Wells Fargo & Company MN Raises Stake in Schwab U.S. TIPs ETF (SCHP)

Wells Fargo & Company MN grew its position in Schwab U.S. TIPs ETF (NYSEARCA:SCHP) by 30.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 254,105 shares of the company’s stock after acquiring an additional 58,977 shares during the period. Wells Fargo & Company MN’s holdings in Schwab U.S. TIPs ETF were worth $13,711,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in shares of Schwab U.S. TIPs ETF by 3.1% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 79,000 shares of the company’s stock valued at $4,338,000 after buying an additional 2,346 shares in the last quarter. Horan Capital Management grew its stake in shares of Schwab U.S. TIPs ETF by 0.7% in the third quarter. Horan Capital Management now owns 194,247 shares of the company’s stock valued at $10,481,000 after buying an additional 1,416 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Schwab U.S. TIPs ETF by 16.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 707,450 shares of the company’s stock valued at $37,689,000 after buying an additional 99,624 shares in the last quarter. Madison Investment Holdings Inc. grew its stake in shares of Schwab U.S. TIPs ETF by 34.0% in the second quarter. Madison Investment Holdings Inc. now owns 1,819,614 shares of the company’s stock valued at $99,915,000 after buying an additional 461,615 shares in the last quarter. Finally, Lutz Financial Services LLC grew its stake in shares of Schwab U.S. TIPs ETF by 7.9% in the second quarter. Lutz Financial Services LLC now owns 71,125 shares of the company’s stock valued at $3,905,000 after buying an additional 5,213 shares in the last quarter.

SCHP opened at $53.48 on Friday. Schwab U.S. TIPs ETF has a 12 month low of $52.75 and a 12 month high of $55.50.

The business also recently announced a monthly dividend, which was paid on Friday, December 7th. Investors of record on Tuesday, December 4th were paid a dividend of $0.0795 per share. This represents a $0.95 annualized dividend and a yield of 1.78%. This is a boost from Schwab U.S. TIPs ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, December 3rd.

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Want to see what other hedge funds are holding SCHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab U.S. TIPs ETF (NYSEARCA:SCHP).

Institutional Ownership by Quarter for Schwab U.S. TIPs ETF (NYSEARCA:SCHP)

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