Strategic Financial Planning Inc. Has $988,000 Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Strategic Financial Planning Inc. cut its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 18.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 18,843 shares of the company’s stock after selling 4,133 shares during the quarter. Schwab U.S. TIPS ETF makes up 0.9% of Strategic Financial Planning Inc.’s investment portfolio, making the stock its 22nd largest position. Strategic Financial Planning Inc.’s holdings in Schwab U.S. TIPS ETF were worth $988,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in Schwab U.S. TIPS ETF by 21.6% during the first quarter. JPMorgan Chase & Co. now owns 20,129,414 shares of the company’s stock worth $1,079,137,000 after acquiring an additional 3,579,526 shares during the last quarter. Quadratic Capital Management LLC raised its position in shares of Schwab U.S. TIPS ETF by 2.3% in the second quarter. Quadratic Capital Management LLC now owns 11,998,026 shares of the company’s stock valued at $629,057,000 after buying an additional 265,343 shares in the last quarter. Empower Advisory Group LLC acquired a new stake in shares of Schwab U.S. TIPS ETF in the first quarter valued at approximately $511,229,000. Moneta Group Investment Advisors LLC raised its position in shares of Schwab U.S. TIPS ETF by 83,208.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,912,667 shares of the company’s stock valued at $409,797,000 after buying an additional 7,903,169 shares in the last quarter. Finally, Summit Wealth Group LLC acquired a new stake in shares of Schwab U.S. TIPS ETF in the first quarter valued at approximately $102,000.

Schwab U.S. TIPS ETF Stock Down 0.1 %

Shares of NYSEARCA SCHP traded down $0.03 during midday trading on Tuesday, reaching $50.98. The company’s stock had a trading volume of 393,639 shares, compared to its average volume of 1,996,365. Schwab U.S. TIPS ETF has a fifty-two week low of $49.50 and a fifty-two week high of $54.10. The business’s 50 day moving average price is $50.47 and its two-hundred day moving average price is $51.56.

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.