Gray Wealth Management Inc. Has $574,000 Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Gray Wealth Management Inc. grew its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 258.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,207 shares of the company’s stock after acquiring an additional 16,015 shares during the quarter. Gray Wealth Management Inc.’s holdings in Schwab U.S. TIPS ETF were worth $574,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in Schwab U.S. TIPS ETF in the 3rd quarter worth $483,000. Brookstone Capital Management grew its position in Schwab U.S. TIPS ETF by 161.2% during the fourth quarter. Brookstone Capital Management now owns 17,260 shares of the company’s stock worth $446,000 after buying an additional 10,651 shares in the last quarter. Allworth Financial LP grew its position in Schwab U.S. TIPS ETF by 820.4% during the fourth quarter. Allworth Financial LP now owns 17,976 shares of the company’s stock worth $466,000 after buying an additional 16,023 shares in the last quarter. Barrett & Company Inc. increased its stake in Schwab U.S. TIPS ETF by 100.0% during the fourth quarter. Barrett & Company Inc. now owns 14,702 shares of the company’s stock valued at $380,000 after acquiring an additional 7,351 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in Schwab U.S. TIPS ETF by 136.4% in the 4th quarter. Jones Financial Companies Lllp now owns 12,299 shares of the company’s stock valued at $318,000 after acquiring an additional 7,096 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA:SCHP opened at $26.46 on Monday. Schwab U.S. TIPS ETF has a 1-year low of $25.46 and a 1-year high of $26.96. The business’s 50 day moving average is $26.22 and its 200-day moving average is $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.