Charles Schwab Trust Co reduced its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 17.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 224,207 shares of the company’s stock after selling 48,456 shares during the period. Charles Schwab Trust Co’s holdings in Schwab U.S. TIPS ETF were worth $5,634,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. First Community Trust NA acquired a new stake in shares of Schwab U.S. TIPS ETF during the third quarter valued at approximately $25,000. Archer Investment Corp boosted its stake in Schwab U.S. TIPS ETF by 212.2% in the 1st quarter. Archer Investment Corp now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 660 shares during the period. TOP Private Wealth LLC. acquired a new position in Schwab U.S. TIPS ETF in the 2nd quarter worth approximately $38,000. CX Institutional acquired a new position in Schwab U.S. TIPS ETF in the 3rd quarter worth approximately $44,000. Finally, MidFirst Bank purchased a new position in Schwab U.S. TIPS ETF during the 4th quarter worth approximately $50,000.
Schwab U.S. TIPS ETF Price Performance
Shares of SCHP traded up $0.12 during trading hours on Thursday, reaching $25.39. The company’s stock had a trading volume of 3,092,580 shares, compared to its average volume of 4,819,376. The company has a 50 day moving average of $25.62 and a two-hundred day moving average of $26.21. Schwab U.S. TIPS ETF has a 1-year low of $25.01 and a 1-year high of $27.15.
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.
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