Schwab U.S. TIPS ETF $SCHP is Seneca Financial Advisors LLC’s 4th Largest Position

Seneca Financial Advisors LLC boosted its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 12.5% during the first quarter, HoldingsChannel reports. The fund owned 925,889 shares of the company’s stock after buying an additional 102,907 shares during the quarter. Schwab U.S. TIPS ETF comprises 7.2% of Seneca Financial Advisors LLC’s holdings, making the stock its 4th biggest position. Seneca Financial Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $24,638,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Pine Haven Investment Counsel Inc increased its stake in shares of Schwab U.S. TIPS ETF by 0.9% in the fourth quarter. Pine Haven Investment Counsel Inc now owns 42,192 shares of the company’s stock worth $1,118,000 after purchasing an additional 390 shares in the last quarter. Fortis Capital Management LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 1.3% during the 4th quarter. Fortis Capital Management LLC now owns 30,765 shares of the company’s stock valued at $815,000 after buying an additional 390 shares in the last quarter. Cape Investment Advisory Inc. lifted its stake in shares of Schwab U.S. TIPS ETF by 21.2% during the 3rd quarter. Cape Investment Advisory Inc. now owns 2,356 shares of the company’s stock valued at $63,000 after buying an additional 412 shares in the last quarter. Arta Finance Wealth Management LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 1.8% during the 1st quarter. Arta Finance Wealth Management LLC now owns 27,080 shares of the company’s stock valued at $720,000 after buying an additional 474 shares in the last quarter. Finally, Vista Capital Partners Inc. boosted its holdings in Schwab U.S. TIPS ETF by 2.8% in the 4th quarter. Vista Capital Partners Inc. now owns 19,104 shares of the company’s stock worth $506,000 after buying an additional 523 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

Schwab U.S. TIPS ETF stock opened at $26.57 on Monday. Schwab U.S. TIPS ETF has a 1-year low of $26.37 and a 1-year high of $27.19. The firm has a 50 day simple moving average of $26.67 and a 200 day simple moving average of $26.67.

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.