Tran Capital Management L.P. Increases Stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Tran Capital Management L.P. lifted its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 100.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,160 shares of the company’s stock after buying an additional 9,580 shares during the quarter. Tran Capital Management L.P.’s holdings in Schwab U.S. TIPS ETF were worth $495,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHP. Salem Investment Counselors Inc. lifted its stake in Schwab U.S. TIPS ETF by 91.8% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock worth $27,000 after purchasing an additional 506 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Schwab U.S. TIPS ETF in the third quarter worth about $63,000. First Community Trust NA boosted its stake in Schwab U.S. TIPS ETF by 100.0% during the fourth quarter. First Community Trust NA now owns 1,400 shares of the company’s stock valued at $36,000 after buying an additional 700 shares during the last quarter. Decker Retirement Planning Inc. purchased a new position in Schwab U.S. TIPS ETF during the 4th quarter valued at approximately $45,000. Finally, Pflug Koory LLC increased its stake in Schwab U.S. TIPS ETF by 100.2% in the 4th quarter. Pflug Koory LLC now owns 1,858 shares of the company’s stock worth $48,000 after acquiring an additional 930 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Up 0.2 %

Shares of SCHP opened at $26.00 on Friday. The business’s 50 day simple moving average is $26.03 and its 200-day simple moving average is $26.30. 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.