Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 108.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 11,217,087 shares of the company’s stock after buying an additional 5,840,961 shares during the quarter. Sei Investments Co. owned approximately 0.05% of Schwab U.S. TIPS ETF worth $289,734,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SCHP. Salem Investment Counselors Inc. lifted its position in shares of Schwab U.S. TIPS ETF by 91.8% in the fourth 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 in the last quarter. Transcendent Capital Group LLC lifted its position in shares of Schwab U.S. TIPS ETF by 112.1% in the fourth quarter. Transcendent Capital Group LLC now owns 1,048 shares of the company’s stock valued at $27,000 after acquiring an additional 554 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its position in shares of Schwab U.S. TIPS ETF by 100.0% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 1,128 shares of the company’s stock valued at $29,000 after acquiring an additional 564 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of Schwab U.S. TIPS ETF by 24,260.0% in the fourth quarter. Lindbrook Capital LLC now owns 1,218 shares of the company’s stock valued at $31,000 after acquiring an additional 1,213 shares in the last quarter. Finally, Independence Bank of Kentucky lifted its position in shares of Schwab U.S. TIPS ETF by 107.0% in the fourth quarter. Independence Bank of Kentucky now owns 1,242 shares of the company’s stock valued at $32,000 after acquiring an additional 642 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

NYSEARCA SCHP opened at $26.66 on Friday. The stock’s 50 day simple moving average is $26.30 and its 200-day simple moving average is $26.32. Schwab U.S. TIPS ETF has a 1-year low of $25.46 and a 1-year 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.