Principal Financial Group Inc. Grows Stock Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Principal Financial Group Inc. increased its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 193.7% in the 4th quarter, Holdings Channel reports. The firm owned 509,968 shares of the company’s stock after buying an additional 336,318 shares during the period. Principal Financial Group Inc.’s holdings in Schwab U.S. TIPS ETF were worth $13,172,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in SCHP. Salem Investment Counselors Inc. raised its holdings in shares of Schwab U.S. TIPS ETF by 91.8% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock valued at $27,000 after purchasing an additional 506 shares during the last quarter. Independence Bank of Kentucky grew its position in Schwab U.S. TIPS ETF by 107.0% during the fourth quarter. Independence Bank of Kentucky now owns 1,242 shares of the company’s stock valued at $32,000 after buying an additional 642 shares during the period. Pathway Financial Advisers LLC grew its position in Schwab U.S. TIPS ETF by 101.9% during the fourth quarter. Pathway Financial Advisers LLC now owns 1,298 shares of the company’s stock valued at $34,000 after buying an additional 655 shares during the period. First Community Trust NA grew its position in Schwab U.S. TIPS ETF by 100.0% during the fourth quarter. First Community Trust NA now owns 1,400 shares of the company’s stock valued at $36,000 after buying an additional 700 shares during the period. Finally, S.A. Mason LLC grew its position in Schwab U.S. TIPS ETF by 100.0% during the fourth quarter. S.A. Mason LLC now owns 1,520 shares of the company’s stock valued at $39,000 after buying an additional 760 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA SCHP opened at $26.56 on Thursday. The firm has a 50 day moving average of $26.03 and a 200 day moving average of $26.31. 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.