Summit Financial Strategies Inc. boosted its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 119.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,683 shares of the company’s stock after purchasing an additional 51,452 shares during the quarter. Summit Financial Strategies Inc.’s holdings in Schwab U.S. TIPS ETF were worth $2,446,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Salem Investment Counselors Inc. raised its stake in shares of Schwab U.S. TIPS ETF by 91.8% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock valued at $27,000 after purchasing an additional 506 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Schwab U.S. TIPS ETF in the 3rd quarter valued at $63,000. First Community Trust NA raised its stake in shares of Schwab U.S. TIPS ETF by 100.0% in the 4th quarter. First Community Trust NA now owns 1,400 shares of the company’s stock valued at $36,000 after buying an additional 700 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Schwab U.S. TIPS ETF during the 4th quarter worth about $45,000. Finally, Pflug Koory LLC boosted its position in shares of Schwab U.S. TIPS ETF by 100.2% during the 4th quarter. Pflug Koory LLC now owns 1,858 shares of the company’s stock valued at $48,000 after acquiring an additional 930 shares in the last quarter.
Schwab U.S. TIPS ETF Price Performance
NYSEARCA SCHP opened at $26.00 on Monday. Schwab U.S. TIPS ETF has a twelve month low of $25.46 and a twelve month high of $26.96. The company’s 50-day simple moving average is $26.03 and its 200 day simple moving average is $26.30.
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.
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