Nwam LLC Has $927,000 Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Nwam LLC lifted its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 167.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,870 shares of the company’s stock after buying an additional 22,438 shares during the period. Nwam LLC’s holdings in Schwab U.S. TIPS ETF were worth $927,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Schwab U.S. TIPS ETF in the 3rd quarter worth approximately $483,000. Brookstone Capital Management grew its position in Schwab U.S. TIPS ETF by 161.2% during the 4th quarter. Brookstone Capital Management now owns 17,260 shares of the company’s stock worth $446,000 after acquiring an additional 10,651 shares during the last quarter. Allworth Financial LP grew its position in Schwab U.S. TIPS ETF by 820.4% during the 4th quarter. Allworth Financial LP now owns 17,976 shares of the company’s stock worth $466,000 after acquiring an additional 16,023 shares during the last quarter. Barrett & Company Inc. grew its position in Schwab U.S. TIPS ETF by 100.0% during the 4th quarter. Barrett & Company Inc. now owns 14,702 shares of the company’s stock worth $380,000 after acquiring an additional 7,351 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. grew its position in Schwab U.S. TIPS ETF by 105.0% during the 4th quarter. Canandaigua National Bank & Trust Co. now owns 12,252 shares of the company’s stock worth $316,000 after acquiring an additional 6,276 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

NYSEARCA SCHP opened at $26.71 on Friday. Schwab U.S. TIPS ETF has a one year low of $25.46 and a one year high of $26.96. The stock’s 50 day simple moving average is $26.06 and its 200 day simple moving average is $26.31.

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.