International Assets Investment Management LLC Buys Shares of 45,466 Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

International Assets Investment Management LLC bought a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the fourth quarter, HoldingsChannel.com reports. The firm bought 45,466 shares of the company’s stock, valued at approximately $2,373,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SCHP. Asset Dedication LLC grew its position in Schwab U.S. TIPS ETF by 425.8% in the third quarter. Asset Dedication LLC now owns 510 shares of the company’s stock valued at $25,000 after acquiring an additional 413 shares during the last quarter. Money Concepts Capital Corp boosted its stake in shares of Schwab U.S. TIPS ETF by 860.8% during the fourth quarter. Money Concepts Capital Corp now owns 490 shares of the company’s stock valued at $25,000 after purchasing an additional 439 shares in the last quarter. Oliver Lagore Vanvalin Investment Group boosted its stake in shares of Schwab U.S. TIPS ETF by 3,229.4% during the third quarter. Oliver Lagore Vanvalin Investment Group now owns 566 shares of the company’s stock valued at $29,000 after purchasing an additional 549 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Schwab U.S. TIPS ETF by 114.5% during the second quarter. Sunbelt Securities Inc. now owns 562 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of Schwab U.S. TIPS ETF during the third quarter valued at about $31,000.

Schwab U.S. TIPS ETF Price Performance

Shares of SCHP stock opened at $51.33 on Friday. The business’s 50-day moving average price is $51.73 and its 200-day moving average price is $51.42. Schwab U.S. TIPS ETF has a 12 month low of $49.50 and a 12 month high of $53.92.

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.