Braun Bostich & Associates Inc. boosted its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 87.8% in the 4th quarter, Holdings Channel reports. The firm owned 63,297 shares of the company’s stock after buying an additional 29,586 shares during the period. Schwab U.S. TIPS ETF makes up approximately 1.2% of Braun Bostich & Associates Inc.’s portfolio, making the stock its 23rd largest holding. Braun Bostich & Associates Inc.’s holdings in Schwab U.S. TIPS ETF were worth $1,635,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Salem Investment Counselors Inc. lifted its position in shares of Schwab U.S. TIPS ETF by 91.8% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock valued at $27,000 after acquiring an additional 506 shares during the last quarter. First Community Trust NA boosted its position in shares of Schwab U.S. TIPS ETF by 100.0% in the 4th quarter. First Community Trust NA now owns 1,400 shares of the company’s stock valued at $36,000 after purchasing an additional 700 shares during the period. Decker Retirement Planning Inc. purchased a new position in Schwab U.S. TIPS ETF in the 4th quarter worth about $45,000. Capital Performance Advisors LLP acquired a new stake in Schwab U.S. TIPS ETF during the 3rd quarter worth about $63,000. Finally, Cordant Inc. lifted its stake in Schwab U.S. TIPS ETF by 105.2% during the fourth quarter. Cordant Inc. now owns 2,660 shares of the company’s stock valued at $69,000 after buying an additional 1,364 shares in the last quarter.
Schwab U.S. TIPS ETF Price Performance
Schwab U.S. TIPS ETF stock opened at $25.97 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 firm’s 50 day simple moving average is $26.04 and its 200-day simple moving average is $26.30.
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.
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