Christensen King & Associates Investment Services Inc. Acquires 83,987 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Christensen King & Associates Investment Services Inc. raised its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 92.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 175,178 shares of the company’s stock after acquiring an additional 83,987 shares during the period. Schwab U.S. TIPS ETF makes up about 2.1% of Christensen King & Associates Investment Services Inc.’s holdings, making the stock its 12th largest position. Christensen King & Associates Investment Services Inc.’s holdings in Schwab U.S. TIPS ETF were worth $4,520,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Pinnacle Wealth Management Group Inc. boosted its holdings in Schwab U.S. TIPS ETF by 100.0% during the fourth quarter. Pinnacle Wealth Management Group Inc. now owns 8,800 shares of the company’s stock worth $227,000 after purchasing an additional 4,400 shares during the last quarter. AdvisorNet Financial Inc raised its stake in Schwab U.S. TIPS ETF by 29.6% in the 4th quarter. AdvisorNet Financial Inc now owns 27,460 shares of the company’s stock valued at $709,000 after acquiring an additional 6,265 shares during the period. Catalyst Private Wealth LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 114.4% during the 4th quarter. Catalyst Private Wealth LLC now owns 80,987 shares of the company’s stock valued at $2,092,000 after buying an additional 43,210 shares in the last quarter. Friedenthal Financial lifted its position in shares of Schwab U.S. TIPS ETF by 100.8% during the fourth quarter. Friedenthal Financial now owns 46,281 shares of the company’s stock worth $1,195,000 after acquiring an additional 23,238 shares in the last quarter. Finally, Kades & Cheifetz LLC lifted its holdings in Schwab U.S. TIPS ETF by 214.1% during the 4th quarter. Kades & Cheifetz LLC now owns 103,539 shares of the company’s stock worth $2,674,000 after purchasing an additional 70,577 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA:SCHP opened at $25.72 on Tuesday. The firm has a fifty day moving average price of $26.08 and a two-hundred day moving average price of $26.30. Schwab U.S. TIPS ETF has a one year low of $25.46 and a one year 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.