Pine Haven Investment Counsel Inc Boosts Stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Pine Haven Investment Counsel Inc lifted its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 108.2% during the fourth quarter, Holdings Channel reports. The fund owned 42,969 shares of the company’s stock after purchasing an additional 22,329 shares during the quarter. Pine Haven Investment Counsel Inc’s holdings in Schwab U.S. TIPS ETF were worth $1,110,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SCHP. Client 1ST Advisory Group LLC acquired a new stake in shares of Schwab U.S. TIPS ETF during the fourth quarter worth approximately $272,000. Cambridge Advisors Inc. raised its holdings in Schwab U.S. TIPS ETF by 97.6% in the fourth quarter. Cambridge Advisors Inc. now owns 24,506 shares of the company’s stock valued at $633,000 after acquiring an additional 12,104 shares in the last quarter. Ameritas Advisory Services LLC boosted its stake in Schwab U.S. TIPS ETF by 182.7% during the 4th quarter. Ameritas Advisory Services LLC now owns 19,583 shares of the company’s stock valued at $506,000 after acquiring an additional 12,655 shares during the last quarter. Trust Co. of Vermont grew its holdings in Schwab U.S. TIPS ETF by 100.0% during the 4th quarter. Trust Co. of Vermont now owns 3,932 shares of the company’s stock worth $102,000 after acquiring an additional 1,966 shares in the last quarter. Finally, Alhambra Investment Management LLC increased its position in shares of Schwab U.S. TIPS ETF by 100.0% in the 4th quarter. Alhambra Investment Management LLC now owns 9,292 shares of the company’s stock worth $240,000 after purchasing an additional 4,646 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of Schwab U.S. TIPS ETF stock opened at $25.95 on Monday. Schwab U.S. TIPS ETF has a 1 year low of $25.46 and a 1 year high of $26.96. The firm’s 50-day simple moving average is $26.05 and its 200-day simple moving average is $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.