Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Shares Acquired by Prossimo Advisors LLC

Prossimo Advisors LLC lifted its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 100.0% in the fourth quarter, Holdings Channel reports. The firm owned 23,000 shares of the company’s stock after buying an additional 11,500 shares during the period. Prossimo Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $594,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SCHP. Salem Investment Counselors Inc. raised its stake 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 holdings in shares of Schwab U.S. TIPS ETF by 107.0% during the fourth quarter. Independence Bank of Kentucky now owns 1,242 shares of the company’s stock worth $32,000 after buying an additional 642 shares in the last quarter. Pathway Financial Advisers LLC grew its holdings in shares of Schwab U.S. TIPS ETF by 101.9% during the fourth quarter. Pathway Financial Advisers LLC now owns 1,298 shares of the company’s stock worth $34,000 after buying an additional 655 shares in the last quarter. First Community Trust NA raised its position 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 valued at $36,000 after buying an additional 700 shares during the last quarter. Finally, S.A. Mason LLC lifted 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 buying an additional 760 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

SCHP opened at $26.22 on Wednesday. Schwab U.S. TIPS ETF has a twelve month low of $25.46 and a twelve month high of $26.96. The firm’s 50-day moving average price is $26.00 and its 200 day moving average price is $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.