Christensen King & Associates Investment Services Inc. Buys 83,987 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Christensen King & Associates Investment Services Inc. lifted its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 92.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,178 shares of the company’s stock after purchasing an additional 83,987 shares during the quarter. Schwab U.S. TIPS ETF accounts for approximately 2.1% of Christensen King & Associates Investment Services Inc.’s investment portfolio, making the stock its 12th biggest holding. Christensen King & Associates Investment Services Inc. owned 0.08% of Schwab U.S. TIPS ETF worth $4,520,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in Schwab U.S. TIPS ETF by 24.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,467,323 shares of the company’s stock worth $76,315,000 after buying an additional 290,069 shares during the last quarter. SigFig Wealth Management LLC boosted its stake in Schwab U.S. TIPS ETF by 6.5% in the 2nd quarter. SigFig Wealth Management LLC now owns 22,765 shares of the company’s stock valued at $1,184,000 after purchasing an additional 1,399 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Schwab U.S. TIPS ETF in the second quarter valued at about $943,000. Marshall Financial Group Inc. ADV grew its position in shares of Schwab U.S. TIPS ETF by 0.7% during the 2nd quarter. Marshall Financial Group Inc. ADV now owns 399,730 shares of the company’s stock worth $20,790,000 after purchasing an additional 2,809 shares in the last quarter. Finally, Brighton Jones LLC increased its stake in Schwab U.S. TIPS ETF by 16.4% during the 2nd quarter. Brighton Jones LLC now owns 8,954 shares of the company’s stock worth $466,000 after acquiring an additional 1,264 shares during the period.

Schwab U.S. TIPS ETF Trading Up 0.1 %

NYSEARCA SCHP opened at $25.72 on Tuesday. Schwab U.S. TIPS ETF has a 1 year low of $25.46 and a 1 year high of $26.96. The firm’s 50 day simple moving average is $26.08 and its 200 day simple moving average is $26.30.

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.