Pinnacle Wealth Management Group Inc. Acquires 4,400 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Pinnacle Wealth Management Group Inc. grew its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 100.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,800 shares of the company’s stock after purchasing an additional 4,400 shares during the quarter. Pinnacle Wealth Management Group Inc.’s holdings in Schwab U.S. TIPS ETF were worth $227,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Simplicity Wealth LLC boosted its stake in Schwab U.S. TIPS ETF by 6.7% during the third quarter. Simplicity Wealth LLC now owns 5,016 shares of the company’s stock worth $269,000 after acquiring an additional 314 shares in the last quarter. CWM LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 13.9% during the third quarter. CWM LLC now owns 2,810 shares of the company’s stock valued at $151,000 after acquiring an additional 344 shares in the last quarter. Pinnacle Bancorp Inc. raised its position in shares of Schwab U.S. TIPS ETF by 2.4% during the third quarter. Pinnacle Bancorp Inc. now owns 15,492 shares of the company’s stock worth $831,000 after purchasing an additional 364 shares during the period. Covestor Ltd lifted its holdings in shares of Schwab U.S. TIPS ETF by 7.4% in the 3rd quarter. Covestor Ltd now owns 5,625 shares of the company’s stock worth $302,000 after purchasing an additional 388 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its position in Schwab U.S. TIPS ETF by 8.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 4,782 shares of the company’s stock valued at $256,000 after purchasing an additional 392 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP stock opened at $25.72 on Tuesday. Schwab U.S. TIPS ETF has a 12 month low of $25.46 and a 12 month high of $26.96. The firm has a fifty day simple moving average of $26.08 and a two-hundred day simple moving average of $26.30.

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.