Zhang Financial LLC Buys 7,014 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Zhang Financial LLC grew its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 84.8% during the 4th quarter, HoldingsChannel reports. The fund owned 15,282 shares of the company’s stock after purchasing an additional 7,014 shares during the period. Zhang Financial LLC’s holdings in Schwab U.S. TIPS ETF were worth $395,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Maltin Wealth Management Inc. raised its holdings in Schwab U.S. TIPS ETF by 104.9% in the fourth quarter. Maltin Wealth Management Inc. now owns 74,860 shares of the company’s stock worth $1,934,000 after purchasing an additional 38,327 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Schwab U.S. TIPS ETF by 455.3% in the 4th quarter. UMB Bank n.a. now owns 23,366 shares of the company’s stock valued at $604,000 after acquiring an additional 19,158 shares during the last quarter. AHL Investment Management Inc. raised its stake in shares of Schwab U.S. TIPS ETF by 86.5% during the 4th quarter. AHL Investment Management Inc. now owns 27,456 shares of the company’s stock valued at $709,000 after buying an additional 12,734 shares during the last quarter. BlueSky Wealth Advisors LLC lifted its holdings in Schwab U.S. TIPS ETF by 100.3% in the fourth quarter. BlueSky Wealth Advisors LLC now owns 1,324,272 shares of the company’s stock valued at $34,206,000 after acquiring an additional 662,994 shares during the period. Finally, Wooster Corthell Wealth Management Inc. boosted its holdings in Schwab U.S. TIPS ETF by 112.0% during the fourth quarter. Wooster Corthell Wealth Management Inc. now owns 810,251 shares of the company’s stock worth $20,929,000 after buying an additional 428,070 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

SCHP stock opened at $25.95 on Tuesday. The firm’s fifty day moving average is $26.04 and its 200 day moving average is $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.