25,323 Shares in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Purchased by Fortress Financial Group LLC

Fortress Financial Group LLC purchased a new stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 25,323 shares of the company’s stock, valued at approximately $654,000. Schwab U.S. TIPS ETF accounts for approximately 0.7% of Fortress Financial Group LLC’s holdings, making the stock its 29th largest holding.

A number of other hedge funds have also recently bought and sold shares of the company. Salem Investment Counselors Inc. lifted its holdings in shares of Schwab U.S. TIPS ETF by 91.8% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock valued at $27,000 after purchasing an additional 506 shares during the last quarter. Transcendent Capital Group LLC raised its stake in shares of Schwab U.S. TIPS ETF by 112.1% during the 4th quarter. Transcendent Capital Group LLC now owns 1,048 shares of the company’s stock worth $27,000 after purchasing an additional 554 shares in the last quarter. Independence Bank of Kentucky lifted its stake in Schwab U.S. TIPS ETF by 107.0% in the fourth quarter. Independence Bank of Kentucky now owns 1,242 shares of the company’s stock valued at $32,000 after acquiring an additional 642 shares during the last quarter. Pathway Financial Advisers LLC boosted its holdings in Schwab U.S. TIPS ETF by 101.9% in the fourth quarter. Pathway Financial Advisers LLC now owns 1,298 shares of the company’s stock worth $34,000 after purchasing an additional 655 shares in the last quarter. Finally, First Community Trust NA boosted its stake in shares of Schwab U.S. TIPS ETF by 100.0% during the 4th quarter. First Community Trust NA now owns 1,400 shares of the company’s stock worth $36,000 after acquiring an additional 700 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA:SCHP opened at $26.54 on Friday. Schwab U.S. TIPS ETF has a 12 month low of $25.46 and a 12 month high of $26.96. The company’s 50 day moving average is $26.05 and its 200-day moving average is $26.31.

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.