Eagle Ridge Investment Management Makes New $11.60 Million Investment in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Eagle Ridge Investment Management purchased a new stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 222,284 shares of the company’s stock, valued at approximately $11,603,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Asset Dedication LLC lifted its holdings in shares of Schwab U.S. TIPS ETF by 425.8% during the third quarter. Asset Dedication LLC now owns 510 shares of the company’s stock valued at $25,000 after purchasing an additional 413 shares in the last quarter. Oliver Lagore Vanvalin Investment Group lifted its holdings in Schwab U.S. TIPS ETF by 3,229.4% in the third quarter. Oliver Lagore Vanvalin Investment Group now owns 566 shares of the company’s stock valued at $29,000 after acquiring an additional 549 shares during the period. NBC Securities Inc. bought a new position in Schwab U.S. TIPS ETF in the third quarter valued at about $31,000. Clearstead Advisors LLC lifted its holdings in Schwab U.S. TIPS ETF by 432.9% in the third quarter. Clearstead Advisors LLC now owns 1,231 shares of the company’s stock valued at $62,000 after acquiring an additional 1,000 shares during the period. Finally, Private Ocean LLC lifted its holdings in Schwab U.S. TIPS ETF by 94.1% in the third quarter. Private Ocean LLC now owns 1,421 shares of the company’s stock valued at $72,000 after acquiring an additional 689 shares during the period.

Schwab U.S. TIPS ETF Stock Up 0.3 %

SCHP stock traded up $0.13 during trading on Monday, reaching $51.46. The stock had a trading volume of 630,093 shares, compared to its average volume of 1,235,030. Schwab U.S. TIPS ETF has a 52 week low of $49.50 and a 52 week high of $53.83. The stock’s 50 day moving average is $51.71 and its two-hundred day moving average is $51.48.

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.