Independent Advisor Alliance Invests $376,000 in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Independent Advisor Alliance bought a new position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 14,568 shares of the company’s stock, valued at approximately $376,000.

Other institutional investors have also recently made changes to their positions in the company. Transcendent Capital Group LLC raised its position in shares of Schwab U.S. TIPS ETF by 112.1% in the 4th quarter. Transcendent Capital Group LLC now owns 1,048 shares of the company’s stock worth $27,000 after acquiring an additional 554 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in shares of 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 worth $27,000 after buying an additional 506 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its stake in shares of Schwab U.S. TIPS ETF by 100.0% in the 4th 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. Lindbrook Capital LLC grew its stake in shares of Schwab U.S. TIPS ETF by 24,260.0% in the 4th quarter. Lindbrook Capital LLC now owns 1,218 shares of the company’s stock worth $31,000 after buying an additional 1,213 shares during the last quarter. Finally, Independence Bank of Kentucky grew its stake in shares of Schwab U.S. TIPS ETF by 107.0% in the 4th quarter. Independence Bank of Kentucky now owns 1,242 shares of the company’s stock worth $32,000 after buying an additional 642 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Schwab U.S. TIPS ETF stock opened at $26.49 on Tuesday. The stock’s 50 day moving average is $26.23 and its 200 day moving average is $26.31. Schwab U.S. TIPS ETF has a twelve month low of $25.46 and a twelve month high of $26.96.

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.