Resona Asset Management Co. Ltd. Takes Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Resona Asset Management Co. Ltd. bought a new stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 11,700 shares of the company’s stock, valued at approximately $301,000.

Several other hedge funds have also recently added to or reduced their stakes in SCHP. Global Retirement Partners LLC lifted its holdings in shares of Schwab U.S. TIPS ETF by 2.0% during the fourth quarter. Global Retirement Partners LLC now owns 20,827 shares of the company’s stock valued at $538,000 after acquiring an additional 409 shares during the period. Salem Investment Counselors Inc. increased its position in shares of Schwab U.S. TIPS ETF by 91.8% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock worth $27,000 after purchasing an additional 506 shares in the last quarter. Community Bank N.A. lifted its holdings in Schwab U.S. TIPS ETF by 100.0% during the 4th 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. Transcendent Capital Group LLC grew its stake in Schwab U.S. TIPS ETF by 112.1% during the fourth quarter. Transcendent Capital Group LLC now owns 1,048 shares of the company’s stock worth $27,000 after buying an additional 554 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its stake in Schwab U.S. TIPS ETF by 100.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 1,128 shares of the company’s stock worth $29,000 after buying an additional 564 shares during the last quarter.

Schwab U.S. TIPS ETF Trading Down 0.1 %

NYSEARCA:SCHP opened at $26.18 on Friday. Schwab U.S. TIPS ETF has a 1 year low of $25.46 and a 1 year high of $27.06. The firm has a 50 day moving average of $26.50 and a 200-day moving average of $26.31.

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.