Maridea Wealth Management LLC Buys New Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Maridea Wealth Management LLC purchased a new position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 42,399 shares of the company’s stock, valued at approximately $1,095,000.

A number of other hedge funds have also recently added to or reduced their stakes in SCHP. Salem Investment Counselors Inc. grew its holdings in shares of Schwab U.S. TIPS ETF by 91.8% during the fourth 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. Transcendent Capital Group LLC boosted its stake in Schwab U.S. TIPS ETF by 112.1% during the 4th quarter. Transcendent Capital Group LLC now owns 1,048 shares of the company’s stock valued at $27,000 after purchasing an additional 554 shares during the last quarter. Community Bank N.A. increased 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 worth $27,000 after purchasing an additional 526 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its stake in shares of Schwab U.S. TIPS ETF by 100.0% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 1,128 shares of the company’s stock worth $29,000 after purchasing an additional 564 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in shares of Schwab U.S. TIPS ETF by 24,260.0% in the fourth quarter. Lindbrook Capital LLC now owns 1,218 shares of the company’s stock valued at $31,000 after purchasing an additional 1,213 shares in the last quarter.

Schwab U.S. TIPS ETF Trading Up 0.6 %

Shares of Schwab U.S. TIPS ETF stock opened at $26.78 on Friday. The stock has a fifty day simple moving average of $26.38 and a 200 day simple moving average of $26.32. Schwab U.S. TIPS ETF has a 12-month low of $25.46 and a 12-month 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.