Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Stock Position Boosted by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC grew its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 107.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,020,567 shares of the company’s stock after buying an additional 1,044,236 shares during the quarter. Prime Capital Investment Advisors LLC owned about 0.96% of Schwab U.S. TIPS ETF worth $52,191,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Coastwise Capital Group LLC raised its holdings in Schwab U.S. TIPS ETF by 7.2% during the third quarter. Coastwise Capital Group LLC now owns 6,037 shares of the company’s stock worth $324,000 after purchasing an additional 408 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 2.0% during the 4th quarter. Global Retirement Partners LLC now owns 20,827 shares of the company’s stock worth $538,000 after acquiring an additional 409 shares in the last quarter. Passive Capital Management LLC. grew its holdings in shares of Schwab U.S. TIPS ETF by 1.3% in the 3rd 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. raised its position in shares of Schwab U.S. TIPS ETF by 91.8% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock worth $27,000 after purchasing an additional 506 shares during the period. Finally, Community Bank N.A. lifted its holdings in shares of Schwab U.S. TIPS ETF by 100.0% during the fourth quarter. Community Bank N.A. now owns 1,052 shares of the company’s stock valued at $27,000 after purchasing an additional 526 shares during the last quarter.

Schwab U.S. TIPS ETF Trading Up 0.6 %

NYSEARCA:SCHP opened at $26.78 on Friday. The stock has a fifty day simple moving average of $26.38 and a 200 day simple moving average of $26.32. 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.