Tandemgrowth Financial Advisors LLC bought a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) in the fourth quarter, Holdings Channel reports. The fund bought 618,967 shares of the company’s stock, valued at approximately $16,396,000. Schwab U.S. TIPS ETF makes up approximately 14.3% of Tandemgrowth Financial Advisors LLC’s portfolio, making the stock its 3rd largest holding.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Great Valley Advisor Group Inc. acquired a new stake in shares of Schwab U.S. TIPS ETF during the fourth quarter worth $202,000. Graetz Wealth LLC acquired a new stake in shares of Schwab U.S. TIPS ETF during the fourth quarter worth $499,000. PFC Capital Group Inc. lifted its holdings in shares of Schwab U.S. TIPS ETF by 15.6% during the fourth quarter. PFC Capital Group Inc. now owns 76,858 shares of the company’s stock worth $2,035,000 after buying an additional 10,372 shares in the last quarter. Gateway Wealth Partners LLC acquired a new stake in shares of Schwab U.S. TIPS ETF during the fourth quarter worth $208,000. Finally, Hoxton Planning & Management LLC lifted its holdings in shares of Schwab U.S. TIPS ETF by 5.2% during the fourth quarter. Hoxton Planning & Management LLC now owns 213,740 shares of the company’s stock worth $5,662,000 after buying an additional 10,637 shares in the last quarter.
Schwab U.S. TIPS ETF Price Performance
SCHP opened at $26.53 on Friday. Schwab U.S. TIPS ETF has a fifty-two week low of $26.27 and a fifty-two week high of $27.19. The stock has a fifty day moving average of $26.72 and a 200-day moving average of $26.69.
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.
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