L.K. Benson & Company P.C. Invests $1.36 Million in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

L.K. Benson & Company P.C. purchased a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 52,575 shares of the company’s stock, valued at approximately $1,358,000. Schwab U.S. TIPS ETF makes up approximately 1.0% of L.K. Benson & Company P.C.’s portfolio, making the stock its 25th biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Salem Investment Counselors Inc. boosted its position in shares of Schwab U.S. TIPS ETF by 91.8% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock valued at $27,000 after acquiring an additional 506 shares in the last quarter. Transcendent Capital Group LLC lifted its position in shares of Schwab U.S. TIPS ETF by 112.1% during the 4th quarter. Transcendent Capital Group LLC now owns 1,048 shares of the company’s stock worth $27,000 after buying an additional 554 shares during the period. Blue Bell Private Wealth Management LLC boosted its stake in Schwab U.S. TIPS ETF by 100.0% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 1,128 shares of the company’s stock valued at $29,000 after buying an additional 564 shares in the last quarter. Lindbrook Capital LLC boosted its stake in Schwab U.S. TIPS ETF by 24,260.0% in the 4th quarter. Lindbrook Capital LLC now owns 1,218 shares of the company’s stock valued at $31,000 after buying an additional 1,213 shares in the last quarter. Finally, Independence Bank of Kentucky grew its position in Schwab U.S. TIPS ETF by 107.0% in the fourth quarter. Independence Bank of Kentucky now owns 1,242 shares of the company’s stock valued at $32,000 after acquiring an additional 642 shares during the period.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA SCHP opened at $26.52 on Wednesday. Schwab U.S. TIPS ETF has a 52-week low of $25.46 and a 52-week high of $26.96. The business has a fifty day moving average of $26.25 and a two-hundred day moving average of $26.31.

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.