OneAscent Financial Services LLC Makes New $3.74 Million Investment in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

OneAscent Financial Services LLC bought a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 144,819 shares of the company’s stock, valued at approximately $3,741,000. OneAscent Financial Services LLC owned about 0.07% of Schwab U.S. TIPS ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Salem Investment Counselors Inc. grew its stake 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 valued at $27,000 after purchasing an additional 506 shares during the last quarter. Transcendent Capital Group LLC grew its position in Schwab U.S. TIPS ETF by 112.1% in the 4th quarter. Transcendent Capital Group LLC now owns 1,048 shares of the company’s stock valued at $27,000 after buying an additional 554 shares during the last quarter. Community Bank N.A. increased its stake 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 buying an additional 526 shares during the period. Blue Bell Private Wealth Management LLC raised its position in Schwab U.S. TIPS ETF by 100.0% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 1,128 shares of the company’s stock worth $29,000 after buying an additional 564 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 24,260.0% in the 4th quarter. Lindbrook Capital LLC now owns 1,218 shares of the company’s stock worth $31,000 after acquiring an additional 1,213 shares during the period.

Schwab U.S. TIPS ETF Stock Down 0.3 %

Shares of NYSEARCA:SCHP opened at $26.80 on Wednesday. Schwab U.S. TIPS ETF has a fifty-two week low of $25.46 and a fifty-two week high of $26.96. The firm’s 50-day simple moving average is $26.42 and its 200-day simple moving average is $26.32.

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.