Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Position Increased by Sheets Smith Wealth Management

Sheets Smith Wealth Management increased its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 100.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,052 shares of the company’s stock after buying an additional 8,026 shares during the quarter. Sheets Smith Wealth Management’s holdings in Schwab U.S. TIPS ETF were worth $415,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SCHP. Renaissance Technologies LLC acquired a new position in shares of Schwab U.S. TIPS ETF during the second quarter worth approximately $943,000. Thrivent Financial for Lutherans raised its stake in Schwab U.S. TIPS ETF by 5.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 212,048 shares of the company’s stock valued at $11,029,000 after acquiring an additional 11,452 shares in the last quarter. Smith Thornton Advisors LLC acquired a new position in Schwab U.S. TIPS ETF during the 2nd quarter worth $1,455,000. Full Sail Capital LLC grew its stake in shares of Schwab U.S. TIPS ETF by 6.3% in the second quarter. Full Sail Capital LLC now owns 660,753 shares of the company’s stock worth $34,366,000 after purchasing an additional 38,984 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Schwab U.S. TIPS ETF by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 167,301 shares of the company’s stock valued at $8,701,000 after purchasing an additional 3,865 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA SCHP opened at $25.94 on Thursday. The firm’s 50-day simple moving average is $26.04 and its 200 day simple moving average is $26.30. Schwab U.S. TIPS ETF has a fifty-two week low of $25.46 and a fifty-two 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.