Charles Schwab Trust Co Grows Stock Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Charles Schwab Trust Co grew its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 99.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 198,284 shares of the company’s stock after purchasing an additional 98,707 shares during the period. Charles Schwab Trust Co owned approximately 0.09% of Schwab U.S. TIPS ETF worth $5,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Salem Investment Counselors Inc. grew its holdings in Schwab U.S. TIPS ETF by 91.8% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock valued at $27,000 after buying an additional 506 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Schwab U.S. TIPS ETF during the 3rd quarter valued at about $63,000. First Community Trust NA grew its holdings in shares of Schwab U.S. TIPS ETF by 100.0% in the fourth quarter. First Community Trust NA now owns 1,400 shares of the company’s stock valued at $36,000 after purchasing an additional 700 shares during the period. Decker Retirement Planning Inc. acquired a new stake in Schwab U.S. TIPS ETF during the fourth quarter worth about $45,000. Finally, Fairscale Capital LLC purchased a new position in Schwab U.S. TIPS ETF during the second quarter worth about $105,000.

Schwab U.S. TIPS ETF Price Performance

Schwab U.S. TIPS ETF stock opened at $25.95 on Tuesday. The firm has a 50 day simple moving average of $26.04 and a 200-day simple moving average of $26.30. Schwab U.S. TIPS ETF has a 1-year low of $25.46 and a 1-year 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.