Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Shares Sold by Sage Financial Group Inc.

Sage Financial Group Inc. lowered its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 5.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 248,555 shares of the company’s stock after selling 15,219 shares during the quarter. Schwab U.S. TIPS ETF accounts for approximately 1.3% of Sage Financial Group Inc.’s portfolio, making the stock its 15th biggest position. Sage Financial Group Inc.’s holdings in Schwab U.S. TIPS ETF were worth $12,975,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Grey Fox Wealth Advisors LLC boosted its holdings in Schwab U.S. TIPS ETF by 11.3% in the fourth quarter. Grey Fox Wealth Advisors LLC now owns 49,882 shares of the company’s stock worth $2,604,000 after purchasing an additional 5,063 shares during the period. Patriot Investment Management Group Inc. boosted its holdings in Schwab U.S. TIPS ETF by 17.8% in the fourth quarter. Patriot Investment Management Group Inc. now owns 22,311 shares of the company’s stock worth $1,165,000 after purchasing an additional 3,364 shares during the period. Bridge Advisory LLC acquired a new position in Schwab U.S. TIPS ETF in the fourth quarter worth $971,000. Myecfo LLC boosted its holdings in Schwab U.S. TIPS ETF by 5.3% in the fourth quarter. Myecfo LLC now owns 19,031 shares of the company’s stock worth $993,000 after purchasing an additional 956 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Schwab U.S. TIPS ETF by 25.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 245,996 shares of the company’s stock worth $12,841,000 after purchasing an additional 49,458 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

Schwab U.S. TIPS ETF stock traded up $0.04 during mid-day trading on Thursday, reaching $52.20. The company’s stock had a trading volume of 464,815 shares, compared to its average volume of 1,244,393. The business has a 50 day moving average price of $51.84 and a 200-day moving average price of $51.33. Schwab U.S. TIPS ETF has a twelve month low of $49.50 and a twelve month high of $54.10.

About Schwab U.S. TIPS ETF

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.