Horizons Wealth Management Buys 24,114 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Horizons Wealth Management raised its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 158.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 39,335 shares of the company’s stock after buying an additional 24,114 shares during the period. Schwab U.S. TIPS ETF comprises approximately 0.8% of Horizons Wealth Management’s holdings, making the stock its 25th largest holding. Horizons Wealth Management’s holdings in Schwab U.S. TIPS ETF were worth $1,016,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. HCR Wealth Advisors boosted its stake in Schwab U.S. TIPS ETF by 1.9% in the second quarter. HCR Wealth Advisors now owns 118,640 shares of the company’s stock valued at $6,170,000 after acquiring an additional 2,187 shares during the last quarter. Frontier Asset Management LLC boosted its holdings in Schwab U.S. TIPS ETF by 1.9% during the second quarter. Frontier Asset Management LLC now owns 45,860 shares of the company’s stock worth $2,385,000 after buying an additional 840 shares during the last quarter. Pinkerton Retirement Specialists LLC grew its position in shares of Schwab U.S. TIPS ETF by 3.9% during the 2nd quarter. Pinkerton Retirement Specialists LLC now owns 12,259 shares of the company’s stock worth $638,000 after buying an additional 461 shares during the period. Hardin Capital Partners LLC bought a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter valued at about $262,000. Finally, Wealthspire Advisors LLC raised its position in shares of Schwab U.S. TIPS ETF by 38.9% in the 2nd quarter. Wealthspire Advisors LLC now owns 252,683 shares of the company’s stock valued at $13,142,000 after acquiring an additional 70,729 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA SCHP opened at $25.78 on Tuesday. The firm has a 50 day moving average price of $26.14 and a 200 day moving average price of $26.31. Schwab U.S. TIPS ETF has a 52-week low of $25.46 and a 52-week high of $26.96.

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.