Truist Financial Corp grew its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 93.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 316,175 shares of the company’s stock after purchasing an additional 152,908 shares during the quarter. Truist Financial Corp’s holdings in Schwab U.S. TIPS ETF were worth $8,167,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in SCHP. Salem Investment Counselors Inc. lifted its position 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 buying an additional 506 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Schwab U.S. TIPS ETF in the 3rd quarter worth about $63,000. Independence Bank of Kentucky lifted its position in shares of Schwab U.S. TIPS ETF by 107.0% in the 4th quarter. Independence Bank of Kentucky now owns 1,242 shares of the company’s stock worth $32,000 after buying an additional 642 shares during the last quarter. Pathway Financial Advisers LLC lifted its position in shares of Schwab U.S. TIPS ETF by 101.9% in the 4th quarter. Pathway Financial Advisers LLC now owns 1,298 shares of the company’s stock worth $34,000 after buying an additional 655 shares during the last quarter. Finally, First Community Trust NA lifted its position in shares of 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 worth $36,000 after buying an additional 700 shares during the last quarter.
Schwab U.S. TIPS ETF Stock Performance
Schwab U.S. TIPS ETF stock opened at $26.39 on Friday. The firm’s 50-day moving average is $26.00 and its 200-day 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.
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.
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Want to see what other hedge funds are holding SCHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report).
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