Pinnacle Bancorp Inc. increased its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 127.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 35,175 shares of the company’s stock after purchasing an additional 19,683 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Schwab U.S. TIPS ETF were worth $909,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Salem Investment Counselors Inc. raised its holdings in 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 valued at $27,000 after acquiring an additional 506 shares during the period. First Community Trust NA boosted its position in shares of Schwab U.S. TIPS ETF by 100.0% in the fourth quarter. First Community Trust NA now owns 1,400 shares of the company’s stock valued at $36,000 after acquiring an additional 700 shares during the period. Capital Performance Advisors LLP purchased a new position in Schwab U.S. TIPS ETF during the third quarter valued at approximately $63,000. Pacifica Partners Inc. increased its holdings in Schwab U.S. TIPS ETF by 100.0% during the 4th quarter. Pacifica Partners Inc. now owns 3,076 shares of the company’s stock worth $79,000 after acquiring an additional 1,538 shares during the period. Finally, Fairscale Capital LLC purchased a new stake in Schwab U.S. TIPS ETF in the 2nd quarter worth approximately $105,000.
Schwab U.S. TIPS ETF Price Performance
SCHP opened at $25.90 on Thursday. The business’s fifty day simple moving average is $26.06 and its 200 day simple moving average is $26.30. Schwab U.S. TIPS ETF has a 52 week low of $25.46 and a 52 week 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.
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