Mattern Wealth Management LLC Acquires 8,714 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Mattern Wealth Management LLC lifted its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 100.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,428 shares of the company’s stock after buying an additional 8,714 shares during the quarter. Mattern Wealth Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of SCHP. Wilmington Savings Fund Society FSB bought a new position in Schwab U.S. TIPS ETF in the third quarter worth approximately $483,000. Brookstone Capital Management increased its stake in Schwab U.S. TIPS ETF by 161.2% during the 4th quarter. Brookstone Capital Management now owns 17,260 shares of the company’s stock valued at $446,000 after purchasing an additional 10,651 shares in the last quarter. Canandaigua National Bank & Trust Co. raised its holdings in Schwab U.S. TIPS ETF by 105.0% during the fourth quarter. Canandaigua National Bank & Trust Co. now owns 12,252 shares of the company’s stock worth $316,000 after buying an additional 6,276 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Schwab U.S. TIPS ETF by 6.3% in the third quarter. Principal Financial Group Inc. now owns 173,650 shares of the company’s stock valued at $9,313,000 after buying an additional 10,327 shares in the last quarter. Finally, Perfromance Wealth Partners LLC increased its position in shares of Schwab U.S. TIPS ETF by 83.5% during the fourth quarter. Perfromance Wealth Partners LLC now owns 153,703 shares of the company’s stock worth $3,970,000 after acquiring an additional 69,954 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

SCHP stock opened at $26.12 on Tuesday. Schwab U.S. TIPS ETF has a 1-year low of $25.46 and a 1-year high of $26.96. The stock’s fifty day simple moving average is $26.03 and its two-hundred day simple moving average is $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.