Sherman Asset Management Inc. Invests $1.18 Million in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Sherman Asset Management Inc. purchased a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 45,664 shares of the company’s stock, valued at approximately $1,179,000. Schwab U.S. TIPS ETF comprises approximately 1.1% of Sherman Asset Management Inc.’s investment portfolio, making the stock its 19th largest holding.

Several other large investors have also modified their holdings of SCHP. Salem Investment Counselors Inc. lifted its position in shares of 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 purchasing an additional 506 shares during the last quarter. Transcendent Capital Group LLC raised its stake 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 acquiring an additional 554 shares during the period. Independence Bank of Kentucky raised its stake 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 acquiring an additional 642 shares during the period. Pathway Financial Advisers LLC raised its stake in 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 worth $34,000 after acquiring an additional 655 shares during the period. Finally, First Community Trust NA raised its stake 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 acquiring an additional 700 shares during the period.

Schwab U.S. TIPS ETF Trading Up 0.6 %

SCHP opened at $26.71 on Friday. Schwab U.S. TIPS ETF has a fifty-two week low of $25.46 and a fifty-two week high of $26.96. The company’s 50-day moving average price is $26.06 and its 200 day moving average price is $26.31.

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.