Greenspring Advisors LLC Invests $1.34 Million in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Greenspring Advisors LLC purchased a new position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the fourth quarter, HoldingsChannel reports. The firm purchased 51,870 shares of the company’s stock, valued at approximately $1,340,000. Schwab U.S. TIPS ETF accounts for about 0.3% of Greenspring Advisors LLC’s investment portfolio, making the stock its 27th largest position.

Several other institutional investors also recently added to or reduced their stakes in the stock. Silver Oak Securities Incorporated lifted its holdings in shares of Schwab U.S. TIPS ETF by 78.3% in the 4th quarter. Silver Oak Securities Incorporated now owns 103,461 shares of the company’s stock worth $2,672,000 after buying an additional 45,431 shares during the period. Fruth Investment Management raised its holdings in shares of Schwab U.S. TIPS ETF by 63.1% in the fourth quarter. Fruth Investment Management now owns 17,700 shares of the company’s stock valued at $457,000 after acquiring an additional 6,850 shares in the last quarter. Financial Architects LLC lifted its stake in Schwab U.S. TIPS ETF by 108.9% in the fourth quarter. Financial Architects LLC now owns 1,209,926 shares of the company’s stock worth $31,252,000 after acquiring an additional 630,773 shares during the period. Inman Jager Wealth Management LLC bought a new position in Schwab U.S. TIPS ETF during the 4th quarter worth about $202,000. Finally, Meritage Portfolio Management increased its position in Schwab U.S. TIPS ETF by 71.0% during the 4th quarter. Meritage Portfolio Management now owns 45,765 shares of the company’s stock valued at $1,182,000 after purchasing an additional 19,003 shares during the period.

Schwab U.S. TIPS ETF Stock Up 0.5 %

Shares of SCHP opened at $26.36 on Thursday. The company has a 50 day moving average price of $26.02 and a 200-day moving average price of $26.30. Schwab U.S. TIPS ETF has a fifty-two week low of $25.46 and a fifty-two week 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.