Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Shares Bought by Summit Global Investments

Summit Global Investments boosted its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 95.5% in the 4th quarter, Holdings Channel reports. The firm owned 16,333 shares of the company’s stock after buying an additional 7,978 shares during the period. Summit Global Investments’ holdings in Schwab U.S. TIPS ETF were worth $422,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Coastwise Capital Group LLC lifted its position in shares of Schwab U.S. TIPS ETF by 7.2% during the 3rd quarter. Coastwise Capital Group LLC now owns 6,037 shares of the company’s stock valued at $324,000 after acquiring an additional 408 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of Schwab U.S. TIPS ETF by 2.0% during the fourth quarter. Global Retirement Partners LLC now owns 20,827 shares of the company’s stock worth $538,000 after purchasing an additional 409 shares during the period. Bakala Capital LLC lifted its holdings in shares of Schwab U.S. TIPS ETF by 3.0% during the third quarter. Bakala Capital LLC now owns 14,993 shares of the company’s stock valued at $804,000 after purchasing an additional 430 shares during the last quarter. Passive Capital Management LLC. boosted its position in shares of Schwab U.S. TIPS ETF by 1.3% in the 3rd quarter. Passive Capital Management LLC. now owns 38,687 shares of the company’s stock valued at $2,075,000 after purchasing an additional 484 shares during the period. Finally, Salem Investment Counselors Inc. increased 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.

Schwab U.S. TIPS ETF Stock Performance

NYSEARCA SCHP opened at $26.56 on Tuesday. Schwab U.S. TIPS ETF has a 1 year low of $25.46 and a 1 year high of $26.96. The stock’s 50-day moving average price is $26.32 and its two-hundred day moving average price is $26.32.

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.