Friedenthal Financial raised its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 100.8% during the 4th quarter, HoldingsChannel reports. The fund owned 46,281 shares of the company’s stock after purchasing an additional 23,238 shares during the period. Schwab U.S. TIPS ETF accounts for approximately 0.7% of Friedenthal Financial’s portfolio, making the stock its 29th biggest holding. Friedenthal Financial’s holdings in Schwab U.S. TIPS ETF were worth $1,195,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in SCHP. Salem Investment Counselors Inc. boosted its holdings in shares of Schwab U.S. TIPS ETF by 91.8% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock worth $27,000 after purchasing an additional 506 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Schwab U.S. TIPS ETF during the 3rd quarter valued at $63,000. Fairscale Capital LLC acquired a new stake in shares of Schwab U.S. TIPS ETF during the 2nd quarter valued at $105,000. CWM LLC grew its holdings in shares of Schwab U.S. TIPS ETF by 13.9% during the 3rd quarter. CWM LLC now owns 2,810 shares of the company’s stock valued at $151,000 after acquiring an additional 344 shares in the last quarter. Finally, Cannon Financial Strategists Inc. acquired a new position in shares of Schwab U.S. TIPS ETF in the third quarter worth $200,000.
Schwab U.S. TIPS ETF Price Performance
Shares of NYSEARCA:SCHP traded up $0.03 during midday trading on Monday, hitting $25.72. 4,256,796 shares of the stock were exchanged, compared to its average volume of 4,008,777. Schwab U.S. TIPS ETF has a 52-week low of $25.46 and a 52-week high of $26.96. The business’s fifty day simple moving average is $26.09 and its two-hundred day simple moving average is $26.30.
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.
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