Silver Oak Securities Incorporated Buys 45,431 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Silver Oak Securities Incorporated boosted its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 78.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,461 shares of the company’s stock after purchasing an additional 45,431 shares during the period. Silver Oak Securities Incorporated’s holdings in Schwab U.S. TIPS ETF were worth $2,672,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SCHP. Wilmington Savings Fund Society FSB bought a new stake in Schwab U.S. TIPS ETF during the third quarter valued at approximately $483,000. Brookstone Capital Management boosted its stake in shares of Schwab U.S. TIPS ETF by 161.2% during the 4th quarter. Brookstone Capital Management now owns 17,260 shares of the company’s stock worth $446,000 after acquiring an additional 10,651 shares during the last quarter. Canandaigua National Bank & Trust Co. grew its position in shares of Schwab U.S. TIPS ETF by 105.0% during the 4th quarter. Canandaigua National Bank & Trust Co. now owns 12,252 shares of the company’s stock valued at $316,000 after acquiring an additional 6,276 shares during the period. Principal Financial Group Inc. increased its stake in shares of Schwab U.S. TIPS ETF by 6.3% in the 3rd quarter. Principal Financial Group Inc. now owns 173,650 shares of the company’s stock worth $9,313,000 after purchasing an additional 10,327 shares in the last quarter. Finally, Perfromance Wealth Partners LLC raised its holdings in Schwab U.S. TIPS ETF by 83.5% in the 4th quarter. Perfromance Wealth Partners LLC now owns 153,703 shares of the company’s stock worth $3,970,000 after purchasing an additional 69,954 shares during the period.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA:SCHP opened at $26.36 on Thursday. The stock has a 50-day simple moving average of $26.02 and a two-hundred day simple moving average of $26.30. Schwab U.S. TIPS ETF has a 52-week low of $25.46 and a 52-week high of $26.96.

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.