BCGM Wealth Management LLC Boosts Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

BCGM Wealth Management LLC grew its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 106.7% during the 4th quarter, Holdings Channel reports. The fund owned 94,664 shares of the company’s stock after purchasing an additional 48,860 shares during the period. BCGM Wealth Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $2,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James & Associates raised its stake in shares of Schwab U.S. TIPS ETF by 48.8% during the 3rd quarter. Raymond James & Associates now owns 126,739 shares of the company’s stock valued at $6,797,000 after buying an additional 41,577 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in Schwab U.S. TIPS ETF during the third quarter worth about $202,000. NorthCrest Asset Manangement LLC purchased a new position in Schwab U.S. TIPS ETF during the third quarter valued at approximately $223,000. Kavar Capital Partners Group LLC acquired a new position in Schwab U.S. TIPS ETF in the third quarter valued at approximately $323,000. Finally, J.W. Cole Advisors Inc. boosted its position in Schwab U.S. TIPS ETF by 3.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 34,188 shares of the company’s stock worth $1,833,000 after purchasing an additional 1,250 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Up 0.3 %

Shares of NYSEARCA SCHP opened at $26.39 on Monday. The firm’s 50 day simple moving average is $26.01 and its 200-day simple moving average is $26.30. Schwab U.S. TIPS ETF has a 12 month low of $25.46 and a 12 month high of $26.96.

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.