Washington Trust Advisors Inc. Has $2.73 Million Stock Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Washington Trust Advisors Inc. raised its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 89.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 105,566 shares of the company’s stock after acquiring an additional 49,858 shares during the quarter. Washington Trust Advisors Inc.’s holdings in Schwab U.S. TIPS ETF were worth $2,727,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Transcendent Capital Group LLC increased its position in shares of Schwab U.S. TIPS ETF by 112.1% during the fourth quarter. Transcendent Capital Group LLC now owns 1,048 shares of the company’s stock worth $27,000 after buying an additional 554 shares during the period. Salem Investment Counselors Inc. increased its position in shares of 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 worth $27,000 after buying an additional 506 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Schwab U.S. TIPS ETF during the third quarter worth $63,000. Independence Bank of Kentucky increased its position in shares of Schwab U.S. TIPS ETF by 107.0% during the fourth quarter. Independence Bank of Kentucky now owns 1,242 shares of the company’s stock worth $32,000 after buying an additional 642 shares during the period. Finally, Pathway Financial Advisers LLC increased its position in shares of 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 buying an additional 655 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

NYSEARCA:SCHP opened at $26.54 on Thursday. The firm has a fifty day simple moving average of $26.12 and a two-hundred day simple moving average of $26.32. Schwab U.S. TIPS ETF has a 12 month low of $25.46 and a 12 month 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.