Eagle Ridge Investment Management Buys 266,457 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Eagle Ridge Investment Management boosted its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 105.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 518,606 shares of the company’s stock after purchasing an additional 266,457 shares during the period. Eagle Ridge Investment Management owned approximately 0.25% of Schwab U.S. TIPS ETF worth $13,396,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Salem Investment Counselors Inc. boosted its stake in shares of Schwab U.S. TIPS ETF by 91.8% during 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 last quarter. Capital Performance Advisors LLP purchased a new position in shares of Schwab U.S. TIPS ETF during the 3rd quarter worth $63,000. Independence Bank of Kentucky boosted its stake in shares of Schwab U.S. TIPS ETF by 107.0% during the 4th quarter. Independence Bank of Kentucky now owns 1,242 shares of the company’s stock worth $32,000 after acquiring an additional 642 shares during the last quarter. First Community Trust NA boosted its stake in shares of Schwab U.S. TIPS ETF by 100.0% during the 4th quarter. First Community Trust NA now owns 1,400 shares of the company’s stock worth $36,000 after acquiring an additional 700 shares during the last quarter. Finally, S.A. Mason LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 100.0% during the 4th quarter. S.A. Mason LLC now owns 1,520 shares of the company’s stock worth $39,000 after acquiring an additional 760 shares during the last quarter.

Schwab U.S. TIPS ETF Trading Down 0.2 %

Shares of Schwab U.S. TIPS ETF stock opened at $26.32 on Friday. The company’s fifty day simple moving average is $26.02 and its 200-day simple moving average is $26.30. Schwab U.S. TIPS ETF has a 1-year low of $25.46 and a 1-year high of $26.96.

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.