Fortis Advisors LLC grew its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 107.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,911 shares of the company’s stock after acquiring an additional 109,538 shares during the period. Schwab U.S. TIPS ETF comprises approximately 3.6% of Fortis Advisors LLC’s holdings, making the stock its 6th biggest position. Fortis Advisors LLC owned 0.10% of Schwab U.S. TIPS ETF worth $5,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. lifted its position in shares of Schwab U.S. TIPS ETF by 91.8% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock worth $27,000 after buying an additional 506 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Schwab U.S. TIPS ETF in the 3rd quarter worth about $63,000. Fairscale Capital LLC bought a new position in shares of Schwab U.S. TIPS ETF in the 2nd quarter worth about $105,000. CWM LLC lifted its position in shares of Schwab U.S. TIPS ETF by 13.9% in the 3rd quarter. CWM LLC now owns 2,810 shares of the company’s stock worth $151,000 after buying an additional 344 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC bought a new position in shares of Schwab U.S. TIPS ETF in the 3rd quarter worth about $202,000.
Schwab U.S. TIPS ETF Stock Performance
Schwab U.S. TIPS ETF stock opened at $25.72 on Tuesday. The firm’s 50-day moving average is $26.08 and its 200-day moving average is $26.30. Schwab U.S. TIPS ETF has a 1 year low of $25.46 and a 1 year high of $26.96.
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.
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