Kades & Cheifetz LLC Acquires 70,577 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Kades & Cheifetz LLC grew its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 214.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,539 shares of the company’s stock after acquiring an additional 70,577 shares during the period. Schwab U.S. TIPS ETF accounts for 1.4% of Kades & Cheifetz LLC’s portfolio, making the stock its 22nd largest holding. Kades & Cheifetz LLC’s holdings in Schwab U.S. TIPS ETF were worth $2,674,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Salem Investment Counselors Inc. raised its stake in shares of Schwab U.S. TIPS ETF by 91.8% in the fourth 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 during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Schwab U.S. TIPS ETF in the third quarter valued at approximately $63,000. Fairscale Capital LLC bought a new position in shares of Schwab U.S. TIPS ETF in the second quarter valued at approximately $105,000. CWM LLC raised its stake 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 last quarter. Finally, Cannon Financial Strategists Inc. bought a new position in shares of Schwab U.S. TIPS ETF in the third quarter valued at approximately $200,000.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA:SCHP traded up $0.02 during trading on Monday, reaching $25.71. The stock had a trading volume of 3,631,181 shares, compared to its average volume of 3,917,927. The business’s 50-day moving average price is $26.09 and its 200 day moving average price is $26.30. Schwab U.S. TIPS ETF has a 52 week low of $25.46 and a 52 week high of $26.96.

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.