Avidian Wealth Solutions LLC Purchases 12,206 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Avidian Wealth Solutions LLC boosted its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 6.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 212,158 shares of the company’s stock after purchasing an additional 12,206 shares during the period. Avidian Wealth Solutions LLC’s holdings in Schwab U.S. TIPS ETF were worth $11,075,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SCHP. Vestmark Advisory Solutions Inc. increased its holdings in Schwab U.S. TIPS ETF by 201.7% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 30,615 shares of the company’s stock valued at $1,598,000 after purchasing an additional 20,468 shares in the last quarter. Blue Fin Capital Inc. increased its stake in shares of Schwab U.S. TIPS ETF by 36.4% in the fourth quarter. Blue Fin Capital Inc. now owns 38,821 shares of the company’s stock valued at $2,026,000 after buying an additional 10,369 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in shares of Schwab U.S. TIPS ETF by 7.5% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 37,271 shares of the company’s stock valued at $1,946,000 after buying an additional 2,609 shares during the last quarter. Fisher Asset Management LLC acquired a new position in Schwab U.S. TIPS ETF during the 4th quarter worth about $229,000. Finally, Jackson Creek Investment Advisors LLC increased its position in Schwab U.S. TIPS ETF by 2.2% in the 4th quarter. Jackson Creek Investment Advisors LLC now owns 11,497 shares of the company’s stock valued at $600,000 after acquiring an additional 252 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of SCHP traded up $0.23 during mid-day trading on Friday, hitting $51.51. 1,214,773 shares of the company traded hands, compared to its average volume of 1,255,425. The business has a 50-day moving average of $51.69 and a 200 day moving average of $51.50. Schwab U.S. TIPS ETF has a one year low of $49.50 and a one year high of $53.83.

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.