Carolina Wealth Advisors LLC Raises Stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Carolina Wealth Advisors LLC grew its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 99.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 790,572 shares of the company’s stock after purchasing an additional 394,062 shares during the period. Schwab U.S. TIPS ETF makes up 11.0% of Carolina Wealth Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Carolina Wealth Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $20,420,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its stake in Schwab U.S. TIPS ETF by 24.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,467,323 shares of the company’s stock valued at $76,315,000 after buying an additional 290,069 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Schwab U.S. TIPS ETF in the 2nd quarter worth approximately $943,000. Brighton Jones LLC boosted its stake in Schwab U.S. TIPS ETF by 16.4% in the 2nd quarter. Brighton Jones LLC now owns 8,954 shares of the company’s stock worth $466,000 after purchasing an additional 1,264 shares during the period. Joseph Group Capital Management grew its position in Schwab U.S. TIPS ETF by 3.1% during the 2nd quarter. Joseph Group Capital Management now owns 497,684 shares of the company’s stock worth $25,885,000 after purchasing an additional 14,902 shares in the last quarter. Finally, Simplify Asset Management Inc. acquired a new stake in Schwab U.S. TIPS ETF during the 2nd quarter valued at $31,502,000.

Schwab U.S. TIPS ETF Stock Performance

SCHP opened at $25.90 on Thursday. Schwab U.S. TIPS ETF has a 12-month low of $25.46 and a 12-month high of $26.96. The stock has a fifty day moving average of $26.06 and a 200-day moving average of $26.30.

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.