Midwest Capital Advisors LLC Takes Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Midwest Capital Advisors LLC bought a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,502 shares of the company’s stock, valued at approximately $65,000.

Several other hedge funds also recently modified their holdings of the business. Raymond James & Associates boosted its stake in Schwab U.S. TIPS ETF by 48.8% during the 3rd quarter. Raymond James & Associates now owns 126,739 shares of the company’s stock worth $6,797,000 after acquiring an additional 41,577 shares during the last quarter. Mount Yale Investment Advisors LLC bought a new position in Schwab U.S. TIPS ETF during the 3rd quarter worth approximately $202,000. NorthCrest Asset Manangement LLC bought a new position in Schwab U.S. TIPS ETF during the 3rd quarter worth approximately $223,000. Kavar Capital Partners Group LLC bought a new position in Schwab U.S. TIPS ETF during the 3rd quarter worth approximately $323,000. Finally, J.W. Cole Advisors Inc. boosted its stake in Schwab U.S. TIPS ETF by 3.8% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 34,188 shares of the company’s stock worth $1,833,000 after acquiring an additional 1,250 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

Schwab U.S. TIPS ETF stock opened at $26.39 on Monday. The company’s 50 day simple moving average is $26.01 and its 200 day simple moving average is $26.30. Schwab U.S. TIPS ETF has a fifty-two week low of $25.46 and a fifty-two week high of $26.96.

Schwab U.S. TIPS ETF Profile

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.