Resonant Capital Advisors LLC Buys 231,932 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Resonant Capital Advisors LLC raised its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 125.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 416,091 shares of the company’s stock after buying an additional 231,932 shares during the period. Resonant Capital Advisors LLC owned about 0.20% of Schwab U.S. TIPS ETF worth $10,748,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Salem Investment Counselors Inc. lifted its stake in shares of Schwab U.S. TIPS ETF by 91.8% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock valued at $27,000 after purchasing an additional 506 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Schwab U.S. TIPS ETF in the 3rd quarter valued at about $63,000. Independence Bank of Kentucky lifted its stake in shares of Schwab U.S. TIPS ETF by 107.0% in the 4th quarter. Independence Bank of Kentucky now owns 1,242 shares of the company’s stock valued at $32,000 after purchasing an additional 642 shares during the period. First Community Trust NA lifted its stake in shares of Schwab U.S. TIPS ETF by 100.0% in the 4th quarter. First Community Trust NA now owns 1,400 shares of the company’s stock valued at $36,000 after purchasing an additional 700 shares during the period. Finally, S.A. Mason LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 100.0% in the 4th quarter. S.A. Mason LLC now owns 1,520 shares of the company’s stock valued at $39,000 after purchasing an additional 760 shares during the period.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA:SCHP opened at $26.15 on Monday. The business’s 50-day moving average is $26.03 and its 200-day moving average is $26.29. Schwab U.S. TIPS ETF has a 1 year low of $25.46 and a 1 year 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.