Pure Financial Advisors LLC Acquires 701,695 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Pure Financial Advisors LLC raised its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 104.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,372,202 shares of the company’s stock after buying an additional 701,695 shares during the period. Schwab U.S. TIPS ETF makes up approximately 0.8% of Pure Financial Advisors LLC’s portfolio, making the stock its 24th largest position. Pure Financial Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $35,444,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SCHP. Salem Investment Counselors Inc. grew 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 buying an additional 506 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Schwab U.S. TIPS ETF in the 3rd quarter valued at approximately $63,000. First Community Trust NA raised its position in shares of Schwab U.S. TIPS ETF by 100.0% in the 4th 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 in the last quarter. Decker Retirement Planning Inc. bought a new stake in shares of Schwab U.S. TIPS ETF during the 4th quarter worth approximately $45,000. Finally, Fairscale Capital LLC acquired a new stake in shares of Schwab U.S. TIPS ETF during the 2nd quarter worth approximately $105,000.

Schwab U.S. TIPS ETF Stock Up 0.1 %

Shares of SCHP stock opened at $25.95 on Tuesday. The stock’s fifty day moving average price is $26.04 and its two-hundred day moving average price is $26.30. Schwab U.S. TIPS ETF has a fifty-two week low of $25.46 and a fifty-two week 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.