Duff & Phelps Investment Management Co. Has $240,000 Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Duff & Phelps Investment Management Co. raised its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 40.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,300 shares of the company’s stock after purchasing an additional 2,700 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Schwab U.S. TIPS ETF were worth $240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in SCHP. Salem Investment Counselors Inc. boosted its position in shares of Schwab U.S. TIPS ETF by 91.8% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock valued at $27,000 after acquiring an additional 506 shares during the period. Transcendent Capital Group LLC grew its position 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 purchasing an additional 554 shares in the last quarter. Community Bank N.A. increased its holdings in shares of Schwab U.S. TIPS ETF by 100.0% during the fourth quarter. Community Bank N.A. now owns 1,052 shares of the company’s stock worth $27,000 after purchasing an additional 526 shares during the period. Blue Bell Private Wealth Management LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 100.0% during 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 period. Finally, Lindbrook Capital LLC boosted its stake 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 buying an additional 1,213 shares during the period.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA:SCHP opened at $26.78 on Friday. The business’s 50 day simple moving average is $26.38 and its 200 day simple moving average is $26.32. Schwab U.S. TIPS ETF has a 1 year low of $25.46 and a 1 year 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.