Galvin Gaustad & Stein LLC Has $2.63 Million Stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Galvin Gaustad & Stein LLC increased its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 103.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 101,686 shares of the company’s stock after acquiring an additional 51,617 shares during the period. Galvin Gaustad & Stein LLC’s holdings in Schwab U.S. TIPS ETF were worth $2,627,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Avior Wealth Management LLC grew its holdings in Schwab U.S. TIPS ETF by 109.7% in the 4th quarter. Avior Wealth Management LLC now owns 768,173 shares of the company’s stock valued at $19,842,000 after buying an additional 401,825 shares during the last quarter. Raleigh Capital Management Inc. grew its holdings in Schwab U.S. TIPS ETF by 118.9% in the 4th quarter. Raleigh Capital Management Inc. now owns 3,976 shares of the company’s stock valued at $103,000 after buying an additional 2,160 shares during the last quarter. Olistico Wealth LLC lifted its position in shares of Schwab U.S. TIPS ETF by 55.3% in the 4th quarter. Olistico Wealth LLC now owns 3,026 shares of the company’s stock worth $78,000 after acquiring an additional 1,078 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Schwab U.S. TIPS ETF by 121.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 13,361 shares of the company’s stock worth $345,000 after acquiring an additional 7,339 shares during the period. Finally, Bartlett & CO. Wealth Management LLC lifted its position in shares of Schwab U.S. TIPS ETF by 102.6% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 7,664 shares of the company’s stock worth $198,000 after acquiring an additional 3,882 shares during the period.

Schwab U.S. TIPS ETF Trading Down 0.2 %

Shares of SCHP stock opened at $25.90 on Thursday. The stock has a 50 day moving average of $26.04 and a two-hundred day moving average of $26.30. 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.