Geneos Wealth Management Inc. Buys 9,145 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Geneos Wealth Management Inc. raised its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 46.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,818 shares of the company’s stock after purchasing an additional 9,145 shares during the period. Geneos Wealth Management Inc.’s holdings in Schwab U.S. TIPS ETF were worth $744,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SCHP. Fifth Third Bancorp increased its position in Schwab U.S. TIPS ETF by 83.3% in the 4th quarter. Fifth Third Bancorp now owns 205,998 shares of the company’s stock valued at $5,321,000 after buying an additional 93,619 shares in the last quarter. Pflug Koory LLC grew its stake in Schwab U.S. TIPS ETF by 100.2% in the fourth quarter. Pflug Koory LLC now owns 1,858 shares of the company’s stock valued at $48,000 after acquiring an additional 930 shares during the period. Patriot Investment Management Group Inc. increased its holdings in shares of Schwab U.S. TIPS ETF by 58.1% during the fourth quarter. Patriot Investment Management Group Inc. now owns 34,317 shares of the company’s stock valued at $886,000 after acquiring an additional 12,613 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of Schwab U.S. TIPS ETF by 612.1% during the fourth quarter. Sound Income Strategies LLC now owns 2,713 shares of the company’s stock worth $70,000 after purchasing an additional 2,332 shares during the period. Finally, Brighton Jones LLC lifted its holdings in shares of Schwab U.S. TIPS ETF by 211.4% in the 4th quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock worth $541,000 after purchasing an additional 14,212 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP stock opened at $26.12 on Tuesday. The firm has a fifty day simple moving average of $26.03 and a two-hundred day simple moving average of $26.30. Schwab U.S. TIPS ETF has a 12 month low of $25.46 and a 12 month high of $26.96.

Schwab U.S. TIPS ETF Company 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.