Madden Advisory Services Inc. Grows Stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Madden Advisory Services Inc. boosted its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 130.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,949 shares of the company’s stock after buying an additional 5,058 shares during the quarter. Madden Advisory Services Inc.’s holdings in Schwab U.S. TIPS ETF were worth $231,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Salem Investment Counselors Inc. boosted its stake 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 worth $27,000 after acquiring an additional 506 shares during the last quarter. Transcendent Capital Group LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 112.1% in the fourth quarter. Transcendent Capital Group LLC now owns 1,048 shares of the company’s stock worth $27,000 after buying an additional 554 shares in the last quarter. Community Bank N.A. raised its stake in 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 raised its stake in shares of 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 lifted its position in shares of Schwab U.S. TIPS ETF by 24,260.0% during the fourth quarter. Lindbrook Capital LLC now owns 1,218 shares of the company’s stock worth $31,000 after purchasing an additional 1,213 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Down 0.1 %

Shares of SCHP opened at $26.18 on Monday. Schwab U.S. TIPS ETF has a 52-week low of $25.46 and a 52-week high of $27.06. The stock has a 50 day moving average price of $26.50 and a 200 day moving average price of $26.30.

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.