Charles Schwab Trust Co Has $5.10 Million Stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Charles Schwab Trust Co cut its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 4.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 189,766 shares of the company’s stock after selling 8,518 shares during the quarter. Charles Schwab Trust Co’s holdings in Schwab U.S. TIPS ETF were worth $5,103,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Maltin Wealth Management Inc. boosted its holdings in shares of Schwab U.S. TIPS ETF by 14.5% during the 1st quarter. Maltin Wealth Management Inc. now owns 85,725 shares of the company’s stock worth $2,305,000 after buying an additional 10,865 shares in the last quarter. FSA Investment Group LLC lifted its position in shares of Schwab U.S. TIPS ETF by 7.7% during the 1st quarter. FSA Investment Group LLC now owns 129,754 shares of the company’s stock valued at $3,489,000 after acquiring an additional 9,265 shares during the period. Veracity Capital LLC lifted its position in shares of Schwab U.S. TIPS ETF by 37.5% during the 1st quarter. Veracity Capital LLC now owns 56,535 shares of the company’s stock valued at $1,520,000 after acquiring an additional 15,410 shares during the period. Freedom Financial Partners LLC boosted its stake in Schwab U.S. TIPS ETF by 24.6% during the first quarter. Freedom Financial Partners LLC now owns 80,151 shares of the company’s stock worth $2,155,000 after acquiring an additional 15,816 shares in the last quarter. Finally, Kure Advisory LLC acquired a new stake in Schwab U.S. TIPS ETF in the first quarter worth $747,000.

Schwab U.S. TIPS ETF Trading Up 0.3%

Shares of NYSEARCA SCHP opened at $26.39 on Thursday. The firm’s 50-day moving average price is $26.48 and its 200-day moving average price is $26.31. Schwab U.S. TIPS ETF has a 1-year low of $25.68 and a 1-year high of $27.06.

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.