Grove Street Fiduciary LLC Takes Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Grove Street Fiduciary LLC acquired a new position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the 4th quarter, Holdings Channel reports. The fund acquired 546,468 shares of the company’s stock, valued at approximately $14,115,000. Schwab U.S. TIPS ETF makes up approximately 7.4% of Grove Street Fiduciary LLC’s investment portfolio, making the stock its 4th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Salem Investment Counselors Inc. lifted its stake in 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 buying an additional 506 shares in the last quarter. Independence Bank of Kentucky raised its holdings in shares of Schwab U.S. TIPS ETF by 107.0% in the fourth quarter. Independence Bank of Kentucky now owns 1,242 shares of the company’s stock worth $32,000 after acquiring an additional 642 shares during the last quarter. Pathway Financial Advisers LLC lifted its position in shares of Schwab U.S. TIPS ETF by 101.9% in the fourth quarter. Pathway Financial Advisers LLC now owns 1,298 shares of the company’s stock valued at $34,000 after acquiring an additional 655 shares in the last quarter. First Community Trust NA lifted 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 in the last quarter. Finally, S.A. Mason LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 100.0% during the fourth quarter. S.A. Mason LLC now owns 1,520 shares of the company’s stock valued at $39,000 after acquiring an additional 760 shares during the last quarter.

Schwab U.S. TIPS ETF Trading Up 0.2 %

Schwab U.S. TIPS ETF stock opened at $26.32 on Friday. The stock has a 50-day moving average price of $26.00 and a 200 day moving average price of $26.30. Schwab U.S. TIPS ETF has a 52 week low of $25.46 and a 52 week high of $26.96.

Schwab U.S. TIPS ETF 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.