Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Shares Purchased by Cornerstone Advisors Asset Management LLC

Cornerstone Advisors Asset Management LLC raised its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 101.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,701 shares of the company’s stock after purchasing an additional 5,393 shares during the period. Cornerstone Advisors Asset Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $276,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SCHP. Salem Investment Counselors Inc. grew its holdings in Schwab U.S. TIPS ETF by 91.8% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock worth $27,000 after acquiring an additional 506 shares in the last quarter. Independence Bank of Kentucky raised its position in shares of Schwab U.S. TIPS ETF by 107.0% during the 4th quarter. Independence Bank of Kentucky now owns 1,242 shares of the company’s stock valued at $32,000 after acquiring an additional 642 shares in the last quarter. Pathway Financial Advisers LLC lifted its stake in Schwab U.S. TIPS ETF by 101.9% during the fourth quarter. Pathway Financial Advisers LLC now owns 1,298 shares of the company’s stock worth $34,000 after purchasing an additional 655 shares during the last quarter. First Community Trust NA boosted its holdings in 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 worth $36,000 after purchasing an additional 700 shares during the period. Finally, S.A. Mason LLC increased its stake in Schwab U.S. TIPS ETF by 100.0% during the fourth quarter. S.A. Mason LLC now owns 1,520 shares of the company’s stock valued at $39,000 after purchasing an additional 760 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Schwab U.S. TIPS ETF stock opened at $26.22 on Wednesday. Schwab U.S. TIPS ETF has a 1 year low of $25.46 and a 1 year high of $26.96. The firm’s 50-day moving average is $26.00 and its 200-day 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.