Accelerate Investment Advisors LLC Has $1.59 Million Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Accelerate Investment Advisors LLC increased its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 112.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 61,646 shares of the company’s stock after acquiring an additional 32,621 shares during the period. Schwab U.S. TIPS ETF comprises 1.4% of Accelerate Investment Advisors LLC’s investment portfolio, making the stock its 17th biggest position. Accelerate Investment Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $1,592,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. boosted its position in Schwab U.S. TIPS ETF by 91.8% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock worth $27,000 after purchasing an additional 506 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Schwab U.S. TIPS ETF in the third quarter valued at approximately $63,000. Fairscale Capital LLC bought a new stake in shares of Schwab U.S. TIPS ETF in the second quarter valued at approximately $105,000. CWM LLC boosted its position in shares of Schwab U.S. TIPS ETF by 13.9% in the third quarter. CWM LLC now owns 2,810 shares of the company’s stock valued at $151,000 after acquiring an additional 344 shares during the period. Finally, Mount Yale Investment Advisors LLC bought a new stake in shares of Schwab U.S. TIPS ETF in the third quarter valued at approximately $202,000.

Schwab U.S. TIPS ETF Stock Up 0.1 %

SCHP traded up $0.03 during trading on Monday, reaching $25.72. 3,559,565 shares of the company’s stock were exchanged, compared to its average volume of 3,895,737. Schwab U.S. TIPS ETF has a fifty-two week low of $25.46 and a fifty-two week high of $26.96. The business has a 50 day moving average price of $26.09 and a 200 day moving average price of $26.30.

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.