Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Shares Acquired by First Merchants Corp

First Merchants Corp lifted its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 105.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,032 shares of the company’s stock after purchasing an additional 19,516 shares during the period. First Merchants Corp’s holdings in Schwab U.S. TIPS ETF were worth $982,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. raised its holdings in Schwab U.S. TIPS ETF by 91.8% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock valued at $27,000 after acquiring an additional 506 shares in the last quarter. Independence Bank of Kentucky boosted its holdings in Schwab U.S. TIPS ETF by 107.0% in the fourth quarter. Independence Bank of Kentucky now owns 1,242 shares of the company’s stock valued at $32,000 after purchasing an additional 642 shares in the last quarter. Pathway Financial Advisers LLC increased its stake in Schwab U.S. TIPS ETF by 101.9% in the fourth quarter. Pathway Financial Advisers LLC now owns 1,298 shares of the company’s stock valued at $34,000 after purchasing an additional 655 shares during the last quarter. First Community Trust NA raised its holdings in Schwab U.S. TIPS ETF by 100.0% during the fourth quarter. First Community Trust NA now owns 1,400 shares of the company’s stock worth $36,000 after purchasing an additional 700 shares in the last quarter. Finally, S.A. Mason LLC lifted its position in shares of Schwab U.S. TIPS ETF by 100.0% during the 4th quarter. S.A. Mason LLC now owns 1,520 shares of the company’s stock worth $39,000 after buying an additional 760 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Up 0.2 %

NYSEARCA SCHP opened at $26.30 on Friday. The firm’s fifty day moving average price is $26.01 and its 200 day moving average price is $26.30. Schwab U.S. TIPS ETF has a 12 month low of $25.46 and a 12 month high of $26.96.

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.