Inspire Advisors LLC Invests $347,000 in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Inspire Advisors LLC purchased a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,421 shares of the company’s stock, valued at approximately $347,000.

A number of other hedge funds have also modified their holdings of SCHP. Principal Financial Group Inc. grew its holdings in shares of Schwab U.S. TIPS ETF by 6.3% during the 3rd quarter. Principal Financial Group Inc. now owns 173,650 shares of the company’s stock worth $9,313,000 after purchasing an additional 10,327 shares during the period. First Heartland Consultants Inc. grew its holdings in shares of Schwab U.S. TIPS ETF by 11.3% during the 3rd quarter. First Heartland Consultants Inc. now owns 14,920 shares of the company’s stock worth $800,000 after purchasing an additional 1,514 shares during the period. Aptus Capital Advisors LLC grew its holdings in shares of Schwab U.S. TIPS ETF by 8.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 4,782 shares of the company’s stock worth $256,000 after purchasing an additional 392 shares during the period. Empower Advisory Group LLC lifted its stake in Schwab U.S. TIPS ETF by 5.1% during the 3rd quarter. Empower Advisory Group LLC now owns 17,735,859 shares of the company’s stock worth $951,174,000 after acquiring an additional 857,417 shares in the last quarter. Finally, Fortis Capital Management LLC lifted its stake in Schwab U.S. TIPS ETF by 12.0% during the 3rd quarter. Fortis Capital Management LLC now owns 140,751 shares of the company’s stock worth $7,548,000 after acquiring an additional 15,089 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

SCHP opened at $26.51 on Thursday. The stock’s 50-day moving average price is $26.19 and its 200 day moving average price is $26.32. Schwab U.S. TIPS ETF has a 12-month low of $25.46 and a 12-month high of $26.96.

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.