Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Shares Acquired by Fortis Capital Management LLC

Fortis Capital Management LLC lifted its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 88.8% during the fourth quarter, Holdings Channel reports. The fund owned 265,800 shares of the company’s stock after purchasing an additional 125,049 shares during the quarter. Schwab U.S. TIPS ETF comprises 1.3% of Fortis Capital Management LLC’s portfolio, making the stock its 17th biggest holding. Fortis Capital Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $6,866,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SCHP. Salem Investment Counselors Inc. lifted its position in 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 worth $27,000 after buying an additional 506 shares during the period. Transcendent Capital Group LLC lifted its position in Schwab U.S. TIPS ETF by 112.1% during the fourth quarter. Transcendent Capital Group LLC now owns 1,048 shares of the company’s stock worth $27,000 after buying an additional 554 shares during the period. Blue Bell Private Wealth Management LLC lifted its position in Schwab U.S. TIPS ETF by 100.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 1,128 shares of the company’s stock worth $29,000 after buying an additional 564 shares during the period. Lindbrook Capital LLC lifted its position in Schwab U.S. TIPS ETF by 24,260.0% during the fourth quarter. Lindbrook Capital LLC now owns 1,218 shares of the company’s stock worth $31,000 after buying an additional 1,213 shares during the period. Finally, Independence Bank of Kentucky lifted its position in Schwab U.S. TIPS ETF by 107.0% during the fourth quarter. Independence Bank of Kentucky now owns 1,242 shares of the company’s stock worth $32,000 after buying an additional 642 shares during the period.

Schwab U.S. TIPS ETF Trading Down 0.1 %

NYSEARCA SCHP opened at $26.66 on Friday. The business’s 50-day moving average price is $26.30 and its 200 day moving average price is $26.32. Schwab U.S. TIPS ETF has a twelve month low of $25.46 and a twelve month 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.