Hutchinson Capital Management CA Has $1.24 Million Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Hutchinson Capital Management CA increased its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 96.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 47,892 shares of the company’s stock after acquiring an additional 23,511 shares during the quarter. Hutchinson Capital Management CA’s holdings in Schwab U.S. TIPS ETF were worth $1,237,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Van Strum & Towne Inc. increased its stake in shares of Schwab U.S. TIPS ETF by 104.5% in the fourth quarter. Van Strum & Towne Inc. now owns 61,598 shares of the company’s stock valued at $1,591,000 after buying an additional 31,474 shares during the period. Associated Banc Corp increased its position in Schwab U.S. TIPS ETF by 97.5% during the 4th quarter. Associated Banc Corp now owns 18,730 shares of the company’s stock valued at $484,000 after purchasing an additional 9,247 shares during the period. Blume Capital Management Inc. increased its position in Schwab U.S. TIPS ETF by 100.0% during the 4th quarter. Blume Capital Management Inc. now owns 8,000 shares of the company’s stock valued at $207,000 after purchasing an additional 4,000 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in Schwab U.S. TIPS ETF during the 4th quarter valued at approximately $402,061,000. Finally, Commonwealth Equity Services LLC increased its position in Schwab U.S. TIPS ETF by 86.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 88,511 shares of the company’s stock valued at $2,286,000 after purchasing an additional 41,069 shares during the period.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA:SCHP opened at $26.46 on Friday. The company has a 50 day simple moving average of $26.22 and a two-hundred day simple moving average of $26.32. 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.