Procyon Advisors LLC Makes New Investment in Schwab U.S. TIPS ETF $SCHP

Procyon Advisors LLC purchased a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 322,703 shares of the company’s stock, valued at approximately $8,697,000.

A number of other hedge funds also recently made changes to their positions in the stock. Financial Consulate Inc. acquired a new position in shares of Schwab U.S. TIPS ETF in the third quarter worth approximately $29,000. Mogy Joel R Investment Counsel Inc. bought a new position in Schwab U.S. TIPS ETF during the 2nd quarter worth approximately $32,000. Bessemer Group Inc. bought a new position in Schwab U.S. TIPS ETF during the 2nd quarter worth approximately $32,000. Hantz Financial Services Inc. acquired a new position in shares of Schwab U.S. TIPS ETF in the 2nd quarter worth approximately $35,000. Finally, Bogart Wealth LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 64.1% in the 2nd quarter. Bogart Wealth LLC now owns 1,411 shares of the company’s stock valued at $38,000 after purchasing an additional 551 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

SCHP stock opened at $26.60 on Thursday. Schwab U.S. TIPS ETF has a twelve month low of $25.83 and a twelve month high of $27.19. The stock’s 50 day moving average is $26.69 and its 200-day moving average is $26.77.

Analyst Ratings Changes

Separately, Sanford C. Bernstein raised shares of Schwab U.S. TIPS ETF to a “hold” rating in a research note on Friday, December 5th.

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.