VCI Wealth Management LLC Has $6.51 Million Stock Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

VCI Wealth Management LLC grew its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 100.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 251,999 shares of the company’s stock after acquiring an additional 126,037 shares during the period. Schwab U.S. TIPS ETF accounts for approximately 2.8% of VCI Wealth Management LLC’s investment portfolio, making the stock its 9th biggest holding. VCI Wealth Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $6,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of SCHP. Salem Investment Counselors Inc. grew its stake in Schwab U.S. TIPS ETF by 91.8% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock valued at $27,000 after acquiring an additional 506 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Schwab U.S. TIPS ETF in the 3rd quarter worth $63,000. First Community Trust NA grew 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 worth $36,000 after buying an additional 700 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in shares of Schwab U.S. TIPS ETF in the 4th quarter worth $45,000. Finally, Pflug Koory LLC grew its stake in shares of Schwab U.S. TIPS ETF by 100.2% in the 4th quarter. Pflug Koory LLC now owns 1,858 shares of the company’s stock worth $48,000 after buying an additional 930 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA:SCHP opened at $26.12 on Tuesday. Schwab U.S. TIPS ETF has a 52 week low of $25.46 and a 52 week high of $26.96. The firm has a fifty day simple moving average of $26.03 and a two-hundred day simple moving average of $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.