Hutchinson Capital Management CA Buys 23,511 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Hutchinson Capital Management CA raised its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 96.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,892 shares of the company’s stock after acquiring an additional 23,511 shares during the quarter. Hutchinson Capital Management CA’s holdings in Schwab U.S. TIPS ETF were worth $1,237,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Salem Investment Counselors Inc. lifted its holdings in shares of Schwab U.S. TIPS ETF by 91.8% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock worth $27,000 after acquiring an additional 506 shares during the last quarter. Transcendent Capital Group LLC lifted its holdings in shares of Schwab U.S. TIPS ETF by 112.1% in the fourth quarter. Transcendent Capital Group LLC now owns 1,048 shares of the company’s stock worth $27,000 after acquiring an additional 554 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Schwab U.S. TIPS ETF by 100.0% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 1,128 shares of the company’s stock worth $29,000 after acquiring an additional 564 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in shares of Schwab U.S. TIPS ETF by 24,260.0% in the fourth 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 last quarter. Finally, Independence Bank of Kentucky lifted its holdings 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 during the last quarter.

Schwab U.S. TIPS ETF Price Performance

SCHP stock opened at $26.46 on Friday. Schwab U.S. TIPS ETF has a 12 month low of $25.46 and a 12 month high of $26.96. The firm has a 50-day moving average price of $26.22 and a 200-day moving average price of $26.32.

Schwab U.S. TIPS ETF Company 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.