Eagle Ridge Investment Management Grows Stock Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Eagle Ridge Investment Management lifted its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 105.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 518,606 shares of the company’s stock after purchasing an additional 266,457 shares during the period. Eagle Ridge Investment Management’s holdings in Schwab U.S. TIPS ETF were worth $13,396,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Simplicity Wealth LLC lifted its stake in Schwab U.S. TIPS ETF by 6.7% in the 3rd quarter. Simplicity Wealth LLC now owns 5,016 shares of the company’s stock worth $269,000 after purchasing an additional 314 shares in the last quarter. CWM LLC lifted its stake in Schwab U.S. TIPS ETF by 13.9% in the 3rd quarter. CWM LLC now owns 2,810 shares of the company’s stock worth $151,000 after purchasing an additional 344 shares in the last quarter. Pinnacle Bancorp Inc. lifted its stake in Schwab U.S. TIPS ETF by 2.4% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 15,492 shares of the company’s stock worth $831,000 after purchasing an additional 364 shares in the last quarter. Covestor Ltd lifted its stake in Schwab U.S. TIPS ETF by 7.4% in the 3rd quarter. Covestor Ltd now owns 5,625 shares of the company’s stock worth $302,000 after purchasing an additional 388 shares in the last quarter. Finally, Aptus Capital Advisors LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 8.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 4,782 shares of the company’s stock worth $256,000 after buying an additional 392 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Schwab U.S. TIPS ETF stock opened at $26.32 on Friday. The company’s 50-day moving average price is $26.02 and its 200-day moving average price is $26.30. Schwab U.S. TIPS ETF has a twelve month low of $25.46 and a twelve month 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.