Brookstone Capital Management Decreases Stock Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Brookstone Capital Management reduced its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Rating) by 12.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,498 shares of the company’s stock after selling 7,749 shares during the period. Brookstone Capital Management’s holdings in Schwab U.S. TIPS ETF were worth $2,804,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in SCHP. Bank of New York Mellon Corp raised its holdings in Schwab U.S. TIPS ETF by 160.7% in the 1st quarter. Bank of New York Mellon Corp now owns 541,345 shares of the company’s stock worth $32,865,000 after acquiring an additional 333,656 shares during the last quarter. Synovus Financial Corp raised its holdings in Schwab U.S. TIPS ETF by 11.6% in the 1st quarter. Synovus Financial Corp now owns 3,660 shares of the company’s stock worth $223,000 after acquiring an additional 381 shares during the last quarter. Moors & Cabot Inc. raised its stake in Schwab U.S. TIPS ETF by 7.3% during the 1st quarter. Moors & Cabot Inc. now owns 8,144 shares of the company’s stock valued at $494,000 after buying an additional 551 shares during the last quarter. Zions Bancorporation N.A. purchased a new stake in Schwab U.S. TIPS ETF during the 1st quarter valued at $65,000. Finally, NewEdge Advisors LLC raised its stake in Schwab U.S. TIPS ETF by 65.1% during the 1st quarter. NewEdge Advisors LLC now owns 24,423 shares of the company’s stock valued at $1,482,000 after buying an additional 9,629 shares during the last quarter.

Schwab U.S. TIPS ETF Trading Up 0.2 %

Shares of SCHP opened at $52.84 on Friday. The firm has a fifty day simple moving average of $52.54 and a two-hundred day simple moving average of $52.66. Schwab U.S. TIPS ETF has a 1-year low of $51.47 and a 1-year high of $62.12.

Schwab U.S. TIPS ETF Profile

(Get Rating)

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.