Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Shares Bought by Phillips Financial Management LLC

Phillips Financial Management LLC boosted its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 181.6% in the 4th quarter, HoldingsChannel reports. The fund owned 87,330 shares of the company’s stock after acquiring an additional 56,317 shares during the quarter. Phillips Financial Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $2,256,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Salem Investment Counselors Inc. boosted its stake in shares of Schwab U.S. TIPS ETF by 91.8% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock worth $27,000 after acquiring an additional 506 shares in the last quarter. Transcendent Capital Group LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 112.1% during the fourth quarter. Transcendent Capital Group LLC now owns 1,048 shares of the company’s stock valued at $27,000 after acquiring an additional 554 shares during the last quarter. Blue Bell Private Wealth Management LLC raised 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 last quarter. Lindbrook Capital LLC grew its holdings in shares of Schwab U.S. TIPS ETF by 24,260.0% during the fourth quarter. Lindbrook Capital LLC now owns 1,218 shares of the company’s stock worth $31,000 after buying an additional 1,213 shares in the last quarter. Finally, Independence Bank of Kentucky boosted its holdings in shares of Schwab U.S. TIPS ETF by 107.0% during the fourth 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 last quarter.

Schwab U.S. TIPS ETF Trading Down 0.0 %

NYSEARCA SCHP opened at $26.51 on Thursday. The business’s 50-day moving average price is $26.19 and its 200 day moving average price is $26.32. Schwab U.S. TIPS ETF has a twelve month low of $25.46 and a twelve month high of $26.96.

About Schwab U.S. TIPS ETF

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.