L.K. Benson & Company P.C. Takes $1.36 Million Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

L.K. Benson & Company P.C. acquired a new stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 52,575 shares of the company’s stock, valued at approximately $1,358,000. Schwab U.S. TIPS ETF comprises about 1.0% of L.K. Benson & Company P.C.’s investment portfolio, making the stock its 25th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SCHP. Salem Investment Counselors Inc. raised its position in 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 valued at $27,000 after acquiring an additional 506 shares in the last quarter. Transcendent Capital Group LLC raised its holdings in shares of Schwab U.S. TIPS ETF by 112.1% during the 4th quarter. Transcendent Capital Group LLC now owns 1,048 shares of the company’s stock valued at $27,000 after purchasing an additional 554 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 100.0% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 1,128 shares of the company’s stock valued at $29,000 after purchasing an additional 564 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in Schwab U.S. TIPS ETF by 24,260.0% in the fourth quarter. Lindbrook Capital LLC now owns 1,218 shares of the company’s stock worth $31,000 after purchasing an additional 1,213 shares in the last quarter. Finally, Independence Bank of Kentucky raised its holdings 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 valued at $32,000 after buying an additional 642 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA SCHP opened at $26.52 on Wednesday. The business’s 50-day simple moving average is $26.25 and its 200-day simple moving average is $26.31. Schwab U.S. TIPS ETF has a 52 week low of $25.46 and a 52 week 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.