Beacon Capital Management LLC Raises Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Beacon Capital Management LLC lifted its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 101.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,922 shares of the company’s stock after purchasing an additional 2,977 shares during the quarter. Beacon Capital Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $153,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Salem Investment Counselors Inc. boosted its stake in Schwab U.S. TIPS ETF by 91.8% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock worth $27,000 after buying an additional 506 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Schwab U.S. TIPS ETF during the 3rd quarter worth about $63,000. Independence Bank of Kentucky lifted its holdings in shares of Schwab U.S. TIPS ETF by 107.0% during the 4th quarter. Independence Bank of Kentucky now owns 1,242 shares of the company’s stock worth $32,000 after acquiring an additional 642 shares during the period. Pathway Financial Advisers LLC boosted its position in shares of Schwab U.S. TIPS ETF by 101.9% in the fourth quarter. Pathway Financial Advisers LLC now owns 1,298 shares of the company’s stock worth $34,000 after acquiring an additional 655 shares during the last quarter. Finally, First Community Trust NA grew its holdings in 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 purchasing an additional 700 shares during the period.

Schwab U.S. TIPS ETF Stock Up 0.2 %

NYSEARCA:SCHP opened at $26.30 on Friday. The firm’s 50 day moving average is $26.01 and its two-hundred day moving average is $26.30. Schwab U.S. TIPS ETF has a fifty-two week low of $25.46 and a fifty-two week 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.