Meritage Portfolio Management raised its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 71.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 45,765 shares of the company’s stock after acquiring an additional 19,003 shares during the quarter. Meritage Portfolio Management’s holdings in Schwab U.S. TIPS ETF were worth $1,182,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in SCHP. Salem Investment Counselors Inc. raised 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 acquiring an additional 506 shares in the last quarter. Independence Bank of Kentucky grew its holdings in 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 valued at $32,000 after purchasing an additional 642 shares during the last quarter. First Community Trust NA grew its holdings in Schwab U.S. TIPS ETF by 100.0% during the fourth 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 last quarter. S.A. Mason LLC raised its position in shares of Schwab U.S. TIPS ETF by 100.0% in the fourth 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. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Schwab U.S. TIPS ETF in the fourth quarter worth $45,000.
Schwab U.S. TIPS ETF Stock Performance
Shares of Schwab U.S. TIPS ETF stock opened at $26.36 on Thursday. Schwab U.S. TIPS ETF has a 1-year low of $25.46 and a 1-year high of $26.96. The firm has a fifty day simple moving average of $26.02 and a 200-day simple moving average of $26.30.
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.
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Want to see what other hedge funds are holding SCHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report).
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