1620 Investment Advisors Inc. Acquires 47,721 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

1620 Investment Advisors Inc. raised its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 131.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,083 shares of the company’s stock after buying an additional 47,721 shares during the period. Schwab U.S. TIPS ETF comprises about 1.6% of 1620 Investment Advisors Inc.’s holdings, making the stock its 9th largest position. 1620 Investment Advisors Inc.’s holdings in Schwab U.S. TIPS ETF were worth $2,172,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Coastwise Capital Group LLC increased its position in Schwab U.S. TIPS ETF by 7.2% in the 3rd quarter. Coastwise Capital Group LLC now owns 6,037 shares of the company’s stock valued at $324,000 after acquiring an additional 408 shares during the period. Global Retirement Partners LLC lifted its stake in Schwab U.S. TIPS ETF by 2.0% in the 4th quarter. Global Retirement Partners LLC now owns 20,827 shares of the company’s stock valued at $538,000 after buying an additional 409 shares in the last quarter. Bakala Capital LLC lifted its stake in Schwab U.S. TIPS ETF by 3.0% in the 3rd quarter. Bakala Capital LLC now owns 14,993 shares of the company’s stock valued at $804,000 after buying an additional 430 shares in the last quarter. Passive Capital Management LLC. lifted its stake in Schwab U.S. TIPS ETF by 1.3% in the 3rd quarter. Passive Capital Management LLC. now owns 38,687 shares of the company’s stock valued at $2,075,000 after buying an additional 484 shares in the last quarter. Finally, Salem Investment Counselors Inc. lifted 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 purchasing an additional 506 shares during the period.

Schwab U.S. TIPS ETF Price Performance

Shares of Schwab U.S. TIPS ETF stock opened at $26.68 on Friday. The business’s fifty day moving average is $26.28 and its two-hundred day moving average is $26.32. Schwab U.S. TIPS ETF has a fifty-two week low of $25.46 and a fifty-two 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.