AdvisorNet Financial Inc boosted its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 29.6% during the 4th quarter, HoldingsChannel reports. The firm owned 27,460 shares of the company’s stock after buying an additional 6,265 shares during the quarter. AdvisorNet Financial Inc’s holdings in Schwab U.S. TIPS ETF were worth $709,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. increased its position 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 during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Schwab U.S. TIPS ETF in the 3rd quarter valued at approximately $63,000. Fairscale Capital LLC acquired a new position in Schwab U.S. TIPS ETF in the second quarter worth approximately $105,000. CWM LLC increased its holdings in Schwab U.S. TIPS ETF by 13.9% in the third quarter. CWM LLC now owns 2,810 shares of the company’s stock worth $151,000 after buying an additional 344 shares during the last quarter. Finally, Cannon Financial Strategists Inc. bought a new position in Schwab U.S. TIPS ETF during the third quarter valued at approximately $200,000.
Schwab U.S. TIPS ETF Price Performance
SCHP stock opened at $25.90 on Thursday. The firm has a 50 day moving average of $26.06 and a two-hundred day 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.
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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