Cannell & Spears LLC Purchases 4,120 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Cannell & Spears LLC boosted its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 101.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,200 shares of the company’s stock after acquiring an additional 4,120 shares during the period. Cannell & Spears LLC’s holdings in Schwab U.S. TIPS ETF were worth $212,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SCHP. Global Retirement Partners LLC lifted its position in shares of Schwab U.S. TIPS ETF by 2.0% during the 4th quarter. Global Retirement Partners LLC now owns 20,827 shares of the company’s stock worth $538,000 after purchasing an additional 409 shares during the last quarter. Passive Capital Management LLC. boosted its position in shares of Schwab U.S. TIPS ETF by 1.3% in the third quarter. Passive Capital Management LLC. now owns 38,687 shares of the company’s stock valued at $2,075,000 after acquiring an additional 484 shares during the period. Salem Investment Counselors Inc. grew its stake in shares of Schwab U.S. TIPS ETF by 91.8% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock worth $27,000 after acquiring an additional 506 shares during the last quarter. Community Bank N.A. increased its position in Schwab U.S. TIPS ETF by 100.0% during the fourth quarter. Community Bank N.A. now owns 1,052 shares of the company’s stock worth $27,000 after acquiring an additional 526 shares during the period. Finally, Transcendent Capital Group LLC raised its stake in Schwab U.S. TIPS ETF by 112.1% during the 4th quarter. Transcendent Capital Group LLC now owns 1,048 shares of the company’s stock valued at $27,000 after purchasing an additional 554 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of Schwab U.S. TIPS ETF stock opened at $26.80 on Wednesday. The firm has a fifty day moving average price of $26.42 and a two-hundred day moving average price of $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 Company 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.