Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Position Lifted by Elm Partners Management LLC

Elm Partners Management LLC increased its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 125.0% in the fourth quarter, HoldingsChannel reports. The firm owned 3,753,515 shares of the company’s stock after buying an additional 2,085,249 shares during the period. Schwab U.S. TIPS ETF makes up approximately 6.6% of Elm Partners Management LLC’s investment portfolio, making the stock its 7th largest position. Elm Partners Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $96,953,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in SCHP. Salem Investment Counselors Inc. lifted its position 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 buying 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 acquiring an additional 554 shares in the last quarter. Community Bank N.A. lifted its position in Schwab U.S. TIPS ETF by 100.0% during the fourth quarter. Community Bank N.A. now owns 1,052 shares of the company’s stock valued at $27,000 after acquiring an additional 526 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in Schwab U.S. TIPS ETF by 100.0% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 1,128 shares of the company’s stock valued at $29,000 after acquiring an additional 564 shares in the last quarter. Finally, Lindbrook Capital LLC grew its holdings in Schwab U.S. TIPS ETF by 24,260.0% in the fourth quarter. Lindbrook Capital LLC now owns 1,218 shares of the company’s stock worth $31,000 after purchasing an additional 1,213 shares during the last quarter.

Schwab U.S. TIPS ETF Trading Down 0.1 %

Shares of SCHP opened at $26.18 on Friday. Schwab U.S. TIPS ETF has a 12 month low of $25.46 and a 12 month high of $27.06. The stock has a fifty day moving average price of $26.50 and a 200-day moving average price of $26.31.

About Schwab U.S. TIPS ETF

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.