Cornerstone Advisors Asset Management LLC Raises Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Cornerstone Advisors Asset Management LLC lifted its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 101.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,701 shares of the company’s stock after purchasing an additional 5,393 shares during the quarter. Cornerstone Advisors Asset Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $276,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of Schwab U.S. TIPS ETF during the 3rd quarter worth about $483,000. Brookstone Capital Management lifted its holdings in shares of Schwab U.S. TIPS ETF by 161.2% during the 4th quarter. Brookstone Capital Management now owns 17,260 shares of the company’s stock valued at $446,000 after acquiring an additional 10,651 shares in the last quarter. Barrett & Company Inc. raised its position in Schwab U.S. TIPS ETF by 100.0% in the fourth quarter. Barrett & Company Inc. now owns 14,702 shares of the company’s stock valued at $380,000 after purchasing an additional 7,351 shares during the period. Canandaigua National Bank & Trust Co. raised its position in Schwab U.S. TIPS ETF by 105.0% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 12,252 shares of the company’s stock valued at $316,000 after purchasing an additional 6,276 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Schwab U.S. TIPS ETF by 6.3% in the third quarter. Principal Financial Group Inc. now owns 173,650 shares of the company’s stock worth $9,313,000 after buying an additional 10,327 shares during the period.

Schwab U.S. TIPS ETF Trading Down 0.3 %

SCHP stock opened at $26.22 on Wednesday. The stock has a 50-day simple moving average of $26.00 and a 200-day simple moving average of $26.30. Schwab U.S. TIPS ETF has a 1 year low of $25.46 and a 1 year 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.