Schwab U.S. TIPS ETF $SCHP Shares Purchased by Valpey Financial Services LLC

Valpey Financial Services LLC boosted its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 2,722.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,970,938 shares of the company’s stock after buying an additional 1,901,111 shares during the quarter. Valpey Financial Services LLC’s holdings in Schwab U.S. TIPS ETF were worth $52,210,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Pine Haven Investment Counsel Inc boosted its holdings in Schwab U.S. TIPS ETF by 0.9% in the fourth quarter. Pine Haven Investment Counsel Inc now owns 42,192 shares of the company’s stock valued at $1,118,000 after purchasing an additional 390 shares in the last quarter. Cape Investment Advisory Inc. boosted its holdings in Schwab U.S. TIPS ETF by 21.2% in the third quarter. Cape Investment Advisory Inc. now owns 2,356 shares of the company’s stock valued at $63,000 after purchasing an additional 412 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Schwab U.S. TIPS ETF by 4.6% in the third quarter. Sequoia Financial Advisors LLC now owns 9,541 shares of the company’s stock valued at $257,000 after purchasing an additional 423 shares in the last quarter. Vista Capital Partners Inc. boosted its holdings in Schwab U.S. TIPS ETF by 2.8% in the fourth quarter. Vista Capital Partners Inc. now owns 19,104 shares of the company’s stock valued at $506,000 after purchasing an additional 523 shares in the last quarter. Finally, Lynx Investment Advisory boosted its holdings in Schwab U.S. TIPS ETF by 4.1% in the third quarter. Lynx Investment Advisory now owns 13,436 shares of the company’s stock valued at $362,000 after purchasing an additional 532 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Up 0.3%

Shares of SCHP opened at $26.82 on Friday. The stock has a 50 day moving average price of $26.72 and a 200 day moving average price of $26.71. Schwab U.S. TIPS ETF has a 52-week low of $26.20 and a 52-week high of $27.19.

Schwab U.S. TIPS ETF Company 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.