Tran Capital Management L.P. Purchases 83,612 Shares of Schwab U.S. TIPS ETF $SCHP

Tran Capital Management L.P. lifted its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 457.3% during the 4th quarter, HoldingsChannel reports. The firm owned 101,895 shares of the company’s stock after buying an additional 83,612 shares during the period. Tran Capital Management L.P.’s holdings in Schwab U.S. TIPS ETF were worth $2,699,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Founders Financial Alliance LLC lifted its holdings in shares of Schwab U.S. TIPS ETF by 392.8% during the 3rd quarter. Founders Financial Alliance LLC now owns 961 shares of the company’s stock worth $26,000 after acquiring an additional 766 shares during the last quarter. Financial Consulate Inc. bought a new stake in shares of Schwab U.S. TIPS ETF in the 3rd quarter valued at about $29,000. Olistico Wealth LLC purchased a new stake in shares of Schwab U.S. TIPS ETF during the fourth quarter valued at approximately $30,000. Ameritas Investment Partners Inc. boosted its position in Schwab U.S. TIPS ETF by 83.9% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock valued at $32,000 after buying an additional 547 shares during the period. Finally, Glass Jacobson Investment Advisors llc boosted its holdings in shares of Schwab U.S. TIPS ETF by 35.3% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,469 shares of the company’s stock worth $40,000 after purchasing an additional 383 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

NYSEARCA SCHP opened at $26.68 on Friday. The stock has a 50 day simple moving average of $26.72 and a two-hundred day simple moving average of $26.76. Schwab U.S. TIPS ETF has a fifty-two week low of $25.83 and a fifty-two week high of $27.19.

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.