Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Shares Bought by Marotta Asset Management

Marotta Asset Management increased its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 96.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 482,507 shares of the company’s stock after acquiring an additional 237,340 shares during the period. Schwab U.S. TIPS ETF makes up about 2.6% of Marotta Asset Management’s portfolio, making the stock its 12th largest holding. Marotta Asset Management’s holdings in Schwab U.S. TIPS ETF were worth $12,454,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. First Hawaiian Bank boosted its position in Schwab U.S. TIPS ETF by 100.0% in the 4th quarter. First Hawaiian Bank now owns 18,680 shares of the company’s stock valued at $483,000 after buying an additional 9,340 shares during the period. Shearwater Capital LLC increased its stake in shares of Schwab U.S. TIPS ETF by 100.0% during the fourth quarter. Shearwater Capital LLC now owns 21,290 shares of the company’s stock worth $550,000 after acquiring an additional 10,643 shares during the period. Private Client Services LLC lifted its holdings in Schwab U.S. TIPS ETF by 69.9% in the fourth quarter. Private Client Services LLC now owns 14,412 shares of the company’s stock valued at $372,000 after acquiring an additional 5,929 shares during the period. Benchmark Wealth Management LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 97.9% in the fourth quarter. Benchmark Wealth Management LLC now owns 31,120 shares of the company’s stock valued at $804,000 after purchasing an additional 15,398 shares during the period. Finally, FC Advisory LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 108.9% during the 4th quarter. FC Advisory LLC now owns 296,508 shares of the company’s stock worth $7,659,000 after acquiring an additional 154,571 shares in the last quarter.

Schwab U.S. TIPS ETF Trading Down 0.1 %

Shares of SCHP traded down $0.03 during mid-day trading on Friday, reaching $25.76. 1,079,920 shares of the company’s stock were exchanged, compared to its average volume of 3,322,912. The company has a 50-day simple moving average of $26.10 and a two-hundred day simple moving average 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.