Park Avenue Securities LLC Grows Stock Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Park Avenue Securities LLC boosted its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 49.5% in the 4th quarter, Holdings Channel reports. The fund owned 13,267 shares of the company’s stock after purchasing an additional 4,395 shares during the period. Park Avenue Securities LLC’s holdings in Schwab U.S. TIPS ETF were worth $343,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Salem Investment Counselors Inc. grew its stake in shares of Schwab U.S. TIPS ETF by 91.8% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock valued at $27,000 after buying an additional 506 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Schwab U.S. TIPS ETF during the 3rd quarter valued at $63,000. Pacifica Partners Inc. grew its stake in shares of Schwab U.S. TIPS ETF by 100.0% during the 4th quarter. Pacifica Partners Inc. now owns 3,076 shares of the company’s stock valued at $79,000 after buying an additional 1,538 shares during the period. CWM LLC grew its stake in shares of Schwab U.S. TIPS ETF by 13.9% during the 3rd quarter. CWM LLC now owns 2,810 shares of the company’s stock valued at $151,000 after buying an additional 344 shares during the period. Finally, Cannon Financial Strategists Inc. purchased a new stake in shares of Schwab U.S. TIPS ETF during the 3rd quarter valued at $200,000.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA SCHP opened at $26.00 on Friday. The firm has a fifty day moving average of $26.03 and a 200-day moving average of $26.29. Schwab U.S. TIPS ETF has a 52-week low of $25.46 and a 52-week 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.