Principal Securities Inc. Purchases 1,315,706 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Principal Securities Inc. lifted its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 3,310.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,355,447 shares of the company’s stock after acquiring an additional 1,315,706 shares during the period. Schwab U.S. TIPS ETF makes up approximately 0.8% of Principal Securities Inc.’s portfolio, making the stock its 23rd largest position. Principal Securities Inc.’s holdings in Schwab U.S. TIPS ETF were worth $35,011,000 at the end of the most recent quarter.

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

Shares of Schwab U.S. TIPS ETF stock opened at $26.30 on Friday. Schwab U.S. TIPS ETF has a twelve month low of $25.46 and a twelve month high of $26.96. The company’s 50 day moving average is $26.01 and its 200 day moving average is $26.30.

Schwab U.S. TIPS ETF Company 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.