Smithfield Trust Co Grows Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Smithfield Trust Co grew its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 100.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,468 shares of the company’s stock after purchasing an additional 2,234 shares during the period. Smithfield Trust Co’s holdings in Schwab U.S. TIPS ETF were worth $115,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Salem Investment Counselors Inc. raised its stake in shares of 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 worth $27,000 after buying an additional 506 shares during the period. Transcendent Capital Group LLC raised 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 acquiring an additional 554 shares during the period. Independence Bank of Kentucky raised 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 acquiring an additional 642 shares during the period. Pathway Financial Advisers LLC lifted its holdings 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 valued at $34,000 after purchasing an additional 655 shares in the last quarter. Finally, First Community Trust NA grew its position in shares of Schwab U.S. TIPS ETF by 100.0% in the fourth quarter. First Community Trust NA now owns 1,400 shares of the company’s stock valued at $36,000 after purchasing an additional 700 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

SCHP opened at $26.54 on Thursday. Schwab U.S. TIPS ETF has a twelve month low of $25.46 and a twelve month high of $26.96. The company has a 50-day moving average price of $26.12 and a 200 day moving average price of $26.32.

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.