Abbrea Capital LLC Cuts Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Abbrea Capital LLC lowered its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 5.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,561 shares of the company’s stock after selling 1,850 shares during the period. Abbrea Capital LLC’s holdings in Schwab U.S. TIPS ETF were worth $1,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. OMNI 360 Wealth Inc. increased its holdings in Schwab U.S. TIPS ETF by 1.4% in the first quarter. OMNI 360 Wealth Inc. now owns 15,568 shares of the company’s stock valued at $812,000 after buying an additional 219 shares during the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 2.6% in the 2nd quarter. Ameritas Advisory Services LLC now owns 9,806 shares of the company’s stock valued at $510,000 after acquiring an additional 250 shares during the last quarter. Focus Financial Network Inc. raised its position in shares of Schwab U.S. TIPS ETF by 0.7% during the 2nd quarter. Focus Financial Network Inc. now owns 38,685 shares of the company’s stock worth $2,031,000 after acquiring an additional 253 shares in the last quarter. UMB Bank n.a. lifted its stake in Schwab U.S. TIPS ETF by 6.7% during the first quarter. UMB Bank n.a. now owns 4,489 shares of the company’s stock worth $234,000 after purchasing an additional 281 shares during the last quarter. Finally, Patriot Investment Management Group Inc. boosted its holdings in Schwab U.S. TIPS ETF by 1.4% in the second quarter. Patriot Investment Management Group Inc. now owns 21,680 shares of the company’s stock valued at $1,128,000 after purchasing an additional 289 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

SCHP stock opened at $53.40 on Friday. Schwab U.S. TIPS ETF has a twelve month low of $49.50 and a twelve month high of $53.54. The company’s 50 day moving average is $52.69 and its two-hundred day moving average is $52.09.

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.