Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Stake Lowered by Wealthspire Advisors LLC

Wealthspire Advisors LLC cut its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 22.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 201,622 shares of the company’s stock after selling 56,890 shares during the quarter. Wealthspire Advisors LLC owned approximately 0.09% of Schwab U.S. TIPS ETF worth $10,525,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Friedenthal Financial boosted its position in shares of Schwab U.S. TIPS ETF by 0.8% during the fourth quarter. Friedenthal Financial now owns 25,747 shares of the company’s stock worth $1,344,000 after buying an additional 193 shares during the period. Jackson Creek Investment Advisors LLC boosted its position in shares of Schwab U.S. TIPS ETF by 2.2% during the fourth quarter. Jackson Creek Investment Advisors LLC now owns 11,497 shares of the company’s stock worth $600,000 after buying an additional 252 shares during the period. Mayflower Financial Advisors LLC boosted its position in shares of Schwab U.S. TIPS ETF by 1.6% during the fourth quarter. Mayflower Financial Advisors LLC now owns 17,251 shares of the company’s stock worth $901,000 after buying an additional 270 shares during the period. Security Financial Services INC. boosted its position in shares of Schwab U.S. TIPS ETF by 1.5% during the fourth quarter. Security Financial Services INC. now owns 20,258 shares of the company’s stock worth $1,057,000 after buying an additional 303 shares during the period. Finally, Sound Stewardship LLC boosted its position in shares of Schwab U.S. TIPS ETF by 6.4% during the third quarter. Sound Stewardship LLC now owns 5,655 shares of the company’s stock worth $285,000 after buying an additional 342 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA SCHP traded up $0.16 during midday trading on Thursday, hitting $51.66. 1,361,735 shares of the company’s stock were exchanged, compared to its average volume of 1,316,328. The stock’s 50 day moving average price is $51.69 and its 200-day moving average price is $51.55. Schwab U.S. TIPS ETF has a twelve month low of $49.50 and a twelve month high of $53.59.

Schwab U.S. TIPS ETF Company 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.