Elios Financial Group Inc. Buys 6,898 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Elios Financial Group Inc. increased its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 119.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,685 shares of the company’s stock after acquiring an additional 6,898 shares during the quarter. Elios Financial Group Inc.’s holdings in Schwab U.S. TIPS ETF were worth $328,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Schiavi & Co LLC acquired a new position in shares of Schwab U.S. TIPS ETF in the 4th quarter worth approximately $272,000. Glass Jacobson Investment Advisors llc raised its stake in Schwab U.S. TIPS ETF by 101.1% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,723 shares of the company’s stock worth $44,000 after buying an additional 866 shares during the last quarter. Jaffetilchin Investment Partners LLC raised its stake in Schwab U.S. TIPS ETF by 29.8% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 13,805 shares of the company’s stock worth $357,000 after buying an additional 3,169 shares during the last quarter. Covestor Ltd lifted its holdings in Schwab U.S. TIPS ETF by 111.6% in the fourth quarter. Covestor Ltd now owns 11,903 shares of the company’s stock valued at $307,000 after buying an additional 6,278 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Schwab U.S. TIPS ETF during the fourth quarter valued at $19,025,000.

Schwab U.S. TIPS ETF Price Performance

SCHP stock opened at $26.20 on Friday. The stock has a 50-day moving average price of $26.51 and a 200-day moving average price of $26.31. Schwab U.S. TIPS ETF has a 1-year low of $25.46 and a 1-year high of $27.06.

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.