Korea Investment CORP Grows Stock Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Korea Investment CORP raised its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 100.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,160,000 shares of the company’s stock after buying an additional 580,000 shares during the period. Korea Investment CORP owned approximately 0.55% of Schwab U.S. TIPS ETF worth $29,963,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Coastwise Capital Group LLC lifted its holdings in Schwab U.S. TIPS ETF by 7.2% in the 3rd quarter. Coastwise Capital Group LLC now owns 6,037 shares of the company’s stock valued at $324,000 after purchasing an additional 408 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 2.0% during the fourth quarter. Global Retirement Partners LLC now owns 20,827 shares of the company’s stock valued at $538,000 after buying an additional 409 shares during the period. Passive Capital Management LLC. boosted its position in Schwab U.S. TIPS ETF by 1.3% during the third quarter. Passive Capital Management LLC. now owns 38,687 shares of the company’s stock worth $2,075,000 after acquiring an additional 484 shares during the last quarter. Salem Investment Counselors Inc. grew its stake 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 worth $27,000 after acquiring an additional 506 shares during the period. Finally, Community Bank N.A. raised its holdings in Schwab U.S. TIPS ETF by 100.0% in the 4th quarter. Community Bank N.A. now owns 1,052 shares of the company’s stock valued at $27,000 after acquiring an additional 526 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

SCHP stock opened at $26.78 on Friday. Schwab U.S. TIPS ETF has a 52-week low of $25.46 and a 52-week high of $26.96. The stock’s fifty day simple moving average is $26.38 and its 200-day simple moving average is $26.32.

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.