Iron Horse Wealth Management LLC Increases Stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Iron Horse Wealth Management LLC raised its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 99.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,524 shares of the company’s stock after acquiring an additional 3,251 shares during the period. Iron Horse Wealth Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $169,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Salem Investment Counselors Inc. raised its holdings in Schwab U.S. TIPS ETF by 91.8% during the 4th 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. Independence Bank of Kentucky increased its position in shares of Schwab U.S. TIPS ETF by 107.0% in the fourth quarter. Independence Bank of Kentucky now owns 1,242 shares of the company’s stock valued at $32,000 after acquiring an additional 642 shares during the period. First Community Trust NA increased its position in shares of Schwab U.S. TIPS ETF by 100.0% in the fourth quarter. First Community Trust NA now owns 1,400 shares of the company’s stock valued at $36,000 after acquiring an additional 700 shares during the period. S.A. Mason LLC raised its stake in shares of Schwab U.S. TIPS ETF by 100.0% during the fourth quarter. S.A. Mason LLC now owns 1,520 shares of the company’s stock valued at $39,000 after acquiring an additional 760 shares during the last quarter. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Schwab U.S. TIPS ETF during the fourth quarter worth about $45,000.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA SCHP opened at $26.32 on Friday. The business’s 50-day moving average is $26.02 and its 200 day moving average is $26.30. Schwab U.S. TIPS ETF has a 1 year low of $25.46 and a 1 year high of $26.96.

Schwab U.S. TIPS ETF 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.