Marotta Asset Management Purchases 237,340 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Marotta Asset Management boosted its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 96.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 482,507 shares of the company’s stock after purchasing an additional 237,340 shares during the period. Schwab U.S. TIPS ETF comprises approximately 2.6% of Marotta Asset Management’s portfolio, making the stock its 12th biggest holding. Marotta Asset Management owned 0.23% of Schwab U.S. TIPS ETF worth $12,454,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SCHP. Capital Performance Advisors LLP bought a new position in shares of Schwab U.S. TIPS ETF during the 3rd quarter worth $63,000. Fairscale Capital LLC bought a new stake in shares of Schwab U.S. TIPS ETF in the second quarter valued at approximately $105,000. CWM LLC boosted its holdings in Schwab U.S. TIPS ETF by 13.9% in the 3rd quarter. CWM LLC now owns 2,810 shares of the company’s stock valued at $151,000 after purchasing an additional 344 shares during the period. Cannon Financial Strategists Inc. purchased a new position in Schwab U.S. TIPS ETF during the third quarter worth about $200,000. Finally, Mount Yale Investment Advisors LLC purchased a new position in shares of Schwab U.S. TIPS ETF during the third quarter worth about $202,000.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA:SCHP traded down $0.03 during trading on Friday, reaching $25.76. The company had a trading volume of 1,079,920 shares, compared to its average volume of 3,322,912. Schwab U.S. TIPS ETF has a 12 month low of $25.46 and a 12 month high of $26.96. The company has a fifty day moving average of $26.10 and a two-hundred day moving average of $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.