AMG National Trust Bank Acquires Shares of 31,622 Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

AMG National Trust Bank bought a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 31,622 shares of the company’s stock, valued at approximately $817,000.

A number of other large investors also recently made changes to their positions in the business. Empower Advisory Group LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 116.0% in the 4th quarter. Empower Advisory Group LLC now owns 38,301,085 shares of the company’s stock valued at $989,317,000 after purchasing an additional 20,565,226 shares during the period. Quadratic Capital Management LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 24.5% in the 4th quarter. Quadratic Capital Management LLC now owns 14,235,092 shares of the company’s stock valued at $367,692,000 after purchasing an additional 2,803,683 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Schwab U.S. TIPS ETF by 17.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,972,150 shares of the company’s stock valued at $534,806,000 after purchasing an additional 1,458,886 shares during the period. Lincoln National Corp increased its holdings in shares of Schwab U.S. TIPS ETF by 100.2% in the 4th quarter. Lincoln National Corp now owns 8,227,198 shares of the company’s stock valued at $212,509,000 after purchasing an additional 4,118,522 shares during the period. Finally, CENTRAL TRUST Co increased its holdings in Schwab U.S. TIPS ETF by 92.2% in the fourth quarter. CENTRAL TRUST Co now owns 5,872,188 shares of the company’s stock worth $151,679,000 after buying an additional 2,817,586 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

NYSEARCA:SCHP opened at $26.49 on Friday. The stock’s 50 day moving average price is $26.15 and its 200 day moving average price is $26.32. Schwab U.S. TIPS ETF has a 52 week low of $25.46 and a 52 week 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.