WASHINGTON TRUST Co Purchases 43,754 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

WASHINGTON TRUST Co boosted its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 81.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,546 shares of the company’s stock after acquiring an additional 43,754 shares during the period. WASHINGTON TRUST Co’s holdings in Schwab U.S. TIPS ETF were worth $2,520,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Salem Investment Counselors Inc. boosted its holdings in 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 valued at $27,000 after purchasing an additional 506 shares during the period. Independence Bank of Kentucky grew its position in Schwab U.S. TIPS ETF by 107.0% during the fourth quarter. Independence Bank of Kentucky now owns 1,242 shares of the company’s stock worth $32,000 after buying an additional 642 shares in the last quarter. Pathway Financial Advisers LLC increased its stake in Schwab U.S. TIPS ETF by 101.9% during the fourth quarter. Pathway Financial Advisers LLC now owns 1,298 shares of the company’s stock valued at $34,000 after acquiring an additional 655 shares during the period. First Community Trust NA raised its holdings 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 acquiring an additional 700 shares in the last quarter. Finally, S.A. Mason LLC raised its holdings in Schwab U.S. TIPS ETF by 100.0% in the 4th quarter. S.A. Mason LLC now owns 1,520 shares of the company’s stock valued at $39,000 after acquiring an additional 760 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA:SCHP opened at $26.30 on Friday. Schwab U.S. TIPS ETF has a 1-year low of $25.46 and a 1-year high of $26.96. The business’s 50 day moving average is $26.01 and its 200-day 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.