Orion Portfolio Solutions LLC Grows Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Orion Portfolio Solutions LLC lifted its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 128.4% during the 4th quarter, HoldingsChannel reports. The fund owned 42,496 shares of the company’s stock after purchasing an additional 23,891 shares during the period. Orion Portfolio Solutions LLC’s holdings in Schwab U.S. TIPS ETF were worth $1,098,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of SCHP. Salem Investment Counselors Inc. boosted its position in 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 worth $27,000 after purchasing an additional 506 shares in the last quarter. Transcendent Capital Group LLC raised its stake in shares of 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 worth $27,000 after buying an additional 554 shares during the period. Community Bank N.A. lifted its position in shares of 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 valued at $27,000 after buying an additional 526 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its stake in 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 valued at $29,000 after acquiring an additional 564 shares during the period. Finally, Lindbrook Capital LLC increased its holdings in 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 acquiring an additional 1,213 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Down 0.3 %

SCHP opened at $26.85 on Friday. The firm’s fifty day simple moving average is $26.47 and its two-hundred day simple moving average is $26.33. Schwab U.S. TIPS ETF has a 52-week low of $25.46 and a 52-week high of $27.06.

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.