Mount Lucas Management LP Purchases 15,209 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Mount Lucas Management LP boosted its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 108.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 29,226 shares of the company’s stock after purchasing an additional 15,209 shares during the period. Mount Lucas Management LP’s holdings in Schwab U.S. TIPS ETF were worth $755,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. grew its holdings 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 acquiring an additional 506 shares in the last quarter. Transcendent Capital Group LLC boosted its position in Schwab U.S. TIPS ETF by 112.1% in the fourth quarter. Transcendent Capital Group LLC now owns 1,048 shares of the company’s stock worth $27,000 after purchasing an additional 554 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its stake in Schwab U.S. TIPS ETF by 100.0% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 1,128 shares of the company’s stock valued at $29,000 after purchasing an additional 564 shares during the period. Lindbrook Capital LLC increased its position in shares of Schwab U.S. TIPS ETF by 24,260.0% during the 4th quarter. Lindbrook Capital LLC now owns 1,218 shares of the company’s stock valued at $31,000 after purchasing an additional 1,213 shares during the last quarter. Finally, Independence Bank of Kentucky raised its stake 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 worth $32,000 after purchasing an additional 642 shares during the period.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA:SCHP opened at $26.49 on Monday. The company’s 50-day moving average is $26.15 and its 200 day moving average is $26.32. 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 Company 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.