Pinnacle Wealth Management Group Inc. Purchases 4,400 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Pinnacle Wealth Management Group Inc. grew its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 100.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,800 shares of the company’s stock after acquiring an additional 4,400 shares during the quarter. Pinnacle Wealth Management Group Inc.’s holdings in Schwab U.S. TIPS ETF were worth $227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Quadratic Capital Management LLC increased its holdings in Schwab U.S. TIPS ETF by 24.5% in the 4th quarter. Quadratic Capital Management LLC now owns 14,235,092 shares of the company’s stock valued at $367,692,000 after buying an additional 2,803,683 shares during the period. Cerity Partners OCIO LLC bought a new position in Schwab U.S. TIPS ETF in the second quarter valued at approximately $130,469,000. JPMorgan Chase & Co. raised its position in Schwab U.S. TIPS ETF by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 9,972,150 shares of the company’s stock valued at $534,806,000 after purchasing an additional 1,458,886 shares in the last quarter. Greenline Partners LLC bought a new stake in Schwab U.S. TIPS ETF during the second quarter worth $45,303,000. Finally, Empower Advisory Group LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 5.1% in the 3rd quarter. Empower Advisory Group LLC now owns 17,735,859 shares of the company’s stock valued at $951,174,000 after purchasing an additional 857,417 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP stock opened at $25.72 on Tuesday. The business has a fifty day simple moving average of $26.08 and a 200 day simple moving average of $26.30. Schwab U.S. TIPS ETF has a twelve month low of $25.46 and a twelve month 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.