WealthPlan Investment Management LLC Buys New Stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

WealthPlan Investment Management LLC bought a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the 4th quarter, Holdings Channel.com reports. The fund bought 21,407 shares of the company’s stock, valued at approximately $553,000.

Several other institutional investors have also recently added to or reduced their stakes in SCHP. Salem Investment Counselors Inc. increased its holdings 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 valued at $27,000 after purchasing an additional 506 shares during the last quarter. Independence Bank of Kentucky grew its stake in shares of Schwab U.S. TIPS ETF by 107.0% in the fourth quarter. Independence Bank of Kentucky now owns 1,242 shares of the company’s stock worth $32,000 after acquiring an additional 642 shares in the last quarter. Pathway Financial Advisers LLC grew its stake in shares of Schwab U.S. TIPS ETF by 101.9% in the fourth quarter. Pathway Financial Advisers LLC now owns 1,298 shares of the company’s stock worth $34,000 after acquiring an additional 655 shares in the last quarter. First Community Trust NA grew its stake in shares of Schwab U.S. TIPS ETF by 100.0% in the fourth quarter. First Community Trust NA now owns 1,400 shares of the company’s stock worth $36,000 after acquiring an additional 700 shares in the last quarter. Finally, S.A. Mason LLC grew its stake in shares of Schwab U.S. TIPS ETF by 100.0% in the fourth quarter. S.A. Mason LLC now owns 1,520 shares of the company’s stock worth $39,000 after acquiring an additional 760 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

NYSEARCA:SCHP opened at $26.30 on Friday. The company has a fifty day simple moving average of $26.01 and a two-hundred day simple moving average of $26.30. Schwab U.S. TIPS ETF has a 52 week low of $25.46 and a 52 week 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.