Schwab U.S. TIPS ETF $SCHP Shares Purchased by Carnegie Investment Counsel

Carnegie Investment Counsel grew its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 3.8% during the 3rd quarter, Holdings Channel reports. The firm owned 614,469 shares of the company’s stock after purchasing an additional 22,341 shares during the period. Carnegie Investment Counsel’s holdings in Schwab U.S. TIPS ETF were worth $16,560,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SCHP. Kohmann Bosshard Financial Services LLC lifted its stake in Schwab U.S. TIPS ETF by 0.8% during the second quarter. Kohmann Bosshard Financial Services LLC now owns 1,246,241 shares of the company’s stock valued at $33,250,000 after purchasing an additional 10,425 shares during the last quarter. Armstrong Advisory Group Inc. increased its holdings in shares of Schwab U.S. TIPS ETF by 6,626.5% in the third quarter. Armstrong Advisory Group Inc. now owns 621,258 shares of the company’s stock valued at $16,743,000 after buying an additional 612,022 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Schwab U.S. TIPS ETF by 5.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,184,276 shares of the company’s stock valued at $58,276,000 after acquiring an additional 117,866 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of Schwab U.S. TIPS ETF during the 2nd quarter worth $221,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Schwab U.S. TIPS ETF during the 2nd quarter worth $612,000.

Wall Street Analyst Weigh In

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

Schwab U.S. TIPS ETF Stock Down 0.0%

NYSEARCA SCHP opened at $26.51 on Friday. Schwab U.S. TIPS ETF has a 1-year low of $25.68 and a 1-year high of $27.19. The firm’s fifty day simple moving average is $26.81 and its 200-day simple moving average is $26.76.

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.