Litman Gregory Wealth Management LLC Decreases Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Litman Gregory Wealth Management LLC trimmed its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 968,494 shares of the company’s stock after selling 42,978 shares during the quarter. Schwab U.S. TIPS ETF accounts for 4.8% of Litman Gregory Wealth Management LLC’s holdings, making the stock its 8th largest holding. Litman Gregory Wealth Management LLC owned 0.44% of Schwab U.S. TIPS ETF worth $50,555,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Advisory Inc. increased its stake in Schwab U.S. TIPS ETF by 1.9% in the third quarter. Charles Schwab Investment Advisory Inc. now owns 17,277,796 shares of the company’s stock valued at $872,356,000 after acquiring an additional 314,855 shares during the last quarter. Quadratic Capital Management LLC grew its stake in shares of Schwab U.S. TIPS ETF by 1.1% during the fourth quarter. Quadratic Capital Management LLC now owns 14,432,753 shares of the company’s stock worth $753,390,000 after buying an additional 153,669 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Schwab U.S. TIPS ETF by 327.1% during the fourth quarter. Cerity Partners LLC now owns 13,385,973 shares of the company’s stock worth $698,748,000 after buying an additional 10,251,581 shares during the last quarter. Empower Advisory Group LLC grew its stake in shares of Schwab U.S. TIPS ETF by 24.9% during the third quarter. Empower Advisory Group LLC now owns 12,524,783 shares of the company’s stock worth $632,376,000 after buying an additional 2,499,508 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC grew its stake in shares of Schwab U.S. TIPS ETF by 83,208.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,912,667 shares of the company’s stock worth $409,797,000 after buying an additional 7,903,169 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA SCHP traded up $0.09 during midday trading on Friday, reaching $51.33. 917,141 shares of the company were exchanged, compared to its average volume of 1,248,149. The stock’s 50-day moving average price is $51.73 and its 200-day moving average price is $51.42. Schwab U.S. TIPS ETF has a one year low of $49.50 and a one year high of $53.92.

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.