Murphy & Mullick Capital Management Corp Takes $596,000 Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Murphy & Mullick Capital Management Corp purchased a new position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 23,088 shares of the company’s stock, valued at approximately $596,000.

Several other hedge funds have also recently bought and sold shares of SCHP. Signature Estate & Investment Advisors LLC raised its position in Schwab U.S. TIPS ETF by 202.1% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 41,819 shares of the company’s stock worth $1,080,000 after acquiring an additional 27,975 shares during the last quarter. Lynx Investment Advisory increased its stake in shares of Schwab U.S. TIPS ETF by 117.0% during the 4th quarter. Lynx Investment Advisory now owns 13,908 shares of the company’s stock worth $359,000 after purchasing an additional 7,500 shares in the last quarter. Hirtle Callaghan & Co LLC increased its stake in shares of Schwab U.S. TIPS ETF by 80.7% during the 4th quarter. Hirtle Callaghan & Co LLC now owns 684,842 shares of the company’s stock worth $17,689,000 after purchasing an additional 305,881 shares in the last quarter. Congress Wealth Management LLC DE raised its position in shares of Schwab U.S. TIPS ETF by 81.3% during the 4th quarter. Congress Wealth Management LLC DE now owns 113,484 shares of the company’s stock worth $2,931,000 after purchasing an additional 50,879 shares during the last quarter. Finally, Clune & Associates LTD. purchased a new stake in Schwab U.S. TIPS ETF in the 4th quarter valued at approximately $986,000.

Schwab U.S. TIPS ETF Price Performance

Schwab U.S. TIPS ETF stock opened at $26.62 on Wednesday. Schwab U.S. TIPS ETF has a fifty-two week low of $25.46 and a fifty-two week high of $26.96. The stock has a fifty day moving average of $26.34 and a two-hundred day moving average of $26.32.

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.