Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Shares Acquired by McLean Asset Management Corp

McLean Asset Management Corp increased its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 101.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,447 shares of the company’s stock after acquiring an additional 60,621 shares during the period. Schwab U.S. TIPS ETF makes up about 0.9% of McLean Asset Management Corp’s investment portfolio, making the stock its 22nd biggest position. McLean Asset Management Corp owned approximately 0.06% of Schwab U.S. TIPS ETF worth $3,111,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of SCHP. Salem Investment Counselors Inc. grew its holdings in shares of Schwab U.S. TIPS ETF by 91.8% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock worth $27,000 after acquiring an additional 506 shares during the period. First Community Trust NA lifted its stake in Schwab U.S. TIPS ETF by 100.0% in the 4th quarter. First Community Trust NA now owns 1,400 shares of the company’s stock valued at $36,000 after buying an additional 700 shares in the last quarter. Decker Retirement Planning Inc. purchased a new stake in Schwab U.S. TIPS ETF in the 4th quarter valued at approximately $45,000. Pflug Koory LLC lifted its stake in Schwab U.S. TIPS ETF by 100.2% in the 4th quarter. Pflug Koory LLC now owns 1,858 shares of the company’s stock valued at $48,000 after buying an additional 930 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in Schwab U.S. TIPS ETF in the 3rd quarter valued at approximately $63,000.

Schwab U.S. TIPS ETF Stock Up 0.2 %

SCHP stock opened at $26.00 on Monday. Schwab U.S. TIPS ETF has a 1 year low of $25.46 and a 1 year high of $26.96. The stock’s 50 day moving average price is $26.03 and its 200 day moving average price is $26.30.

About Schwab U.S. TIPS ETF

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.