Benchmark Wealth Management LLC Boosts Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Benchmark Wealth Management LLC increased its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 97.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,120 shares of the company’s stock after purchasing an additional 15,398 shares during the quarter. Schwab U.S. TIPS ETF accounts for 0.4% of Benchmark Wealth Management LLC’s portfolio, making the stock its 24th largest position. Benchmark Wealth Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $804,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SCHP. FC Advisory LLC boosted its position in Schwab U.S. TIPS ETF by 108.9% in the 4th quarter. FC Advisory LLC now owns 296,508 shares of the company’s stock valued at $7,659,000 after buying an additional 154,571 shares during the last quarter. Horizons Wealth Management boosted its holdings in Schwab U.S. TIPS ETF by 158.4% in the fourth quarter. Horizons Wealth Management now owns 39,335 shares of the company’s stock valued at $1,016,000 after purchasing an additional 24,114 shares during the last quarter. Canandaigua National Bank & Trust Co. grew its stake in Schwab U.S. TIPS ETF by 105.0% during the 4th quarter. Canandaigua National Bank & Trust Co. now owns 12,252 shares of the company’s stock valued at $316,000 after purchasing an additional 6,276 shares in the last quarter. Kings Path Partners LLC increased its holdings in Schwab U.S. TIPS ETF by 102.6% during the 4th quarter. Kings Path Partners LLC now owns 125,176 shares of the company’s stock worth $3,233,000 after purchasing an additional 63,393 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Schwab U.S. TIPS ETF by 17.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,972,150 shares of the company’s stock valued at $534,806,000 after purchasing an additional 1,458,886 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Down 0.2 %

Shares of SCHP stock traded down $0.04 during mid-day trading on Tuesday, reaching $25.74. 3,880,217 shares of the company were exchanged, compared to its average volume of 3,682,720. The business’s 50 day simple moving average is $26.13 and its 200 day simple moving average is $26.31. Schwab U.S. TIPS ETF has a fifty-two week low of $25.46 and a fifty-two week high of $26.96.

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.