PNC Financial Services Group Inc. Has $4.97 Million Stock Holdings in Schwab U.S. TIPS ETF $SCHP

PNC Financial Services Group Inc. lifted its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 11.4% during the fourth quarter, HoldingsChannel reports. The fund owned 187,773 shares of the company’s stock after purchasing an additional 19,264 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Schwab U.S. TIPS ETF were worth $4,974,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Pine Haven Investment Counsel Inc increased its stake in shares of Schwab U.S. TIPS ETF by 0.9% in the fourth quarter. Pine Haven Investment Counsel Inc now owns 42,192 shares of the company’s stock worth $1,118,000 after acquiring an additional 390 shares during the last quarter. Cape Investment Advisory Inc. increased its stake in shares of Schwab U.S. TIPS ETF by 21.2% in the third quarter. Cape Investment Advisory Inc. now owns 2,356 shares of the company’s stock worth $63,000 after acquiring an additional 412 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Schwab U.S. TIPS ETF by 4.6% in the third quarter. Sequoia Financial Advisors LLC now owns 9,541 shares of the company’s stock worth $257,000 after acquiring an additional 423 shares during the last quarter. Vista Capital Partners Inc. increased its stake in shares of Schwab U.S. TIPS ETF by 2.8% in the fourth quarter. Vista Capital Partners Inc. now owns 19,104 shares of the company’s stock worth $506,000 after acquiring an additional 523 shares during the last quarter. Finally, Lynx Investment Advisory increased its stake in shares of Schwab U.S. TIPS ETF by 4.1% in the third quarter. Lynx Investment Advisory now owns 13,436 shares of the company’s stock worth $362,000 after acquiring an additional 532 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA SCHP opened at $26.63 on Tuesday. Schwab U.S. TIPS ETF has a 1-year low of $26.20 and a 1-year high of $27.19. The firm’s fifty day simple moving average is $26.72 and its 200-day simple moving average is $26.71.

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.