EQ Wealth Advisors LLC trimmed its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 19.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 341,629 shares of the company’s stock after selling 83,651 shares during the quarter. Schwab U.S. TIPS ETF comprises 5.3% of EQ Wealth Advisors LLC’s portfolio, making the stock its 6th largest position. EQ Wealth Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $9,091,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lloyd Advisory Services LLC. acquired a new stake in Schwab U.S. TIPS ETF in the fourth quarter worth $29,000. Olistico Wealth LLC bought a new stake in Schwab U.S. TIPS ETF in the fourth quarter valued at $30,000. Ameritas Investment Partners Inc. boosted its holdings in shares of Schwab U.S. TIPS ETF by 83.9% during the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock valued at $32,000 after acquiring an additional 547 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 69.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock valued at $35,000 after acquiring an additional 541 shares during the period. Finally, LGT Financial Advisors LLC bought a new position in shares of Schwab U.S. TIPS ETF during the third quarter worth about $49,000.
Schwab U.S. TIPS ETF Price Performance
Shares of SCHP stock remained flat at $26.23 during trading hours on Friday. 3,624,867 shares of the company were exchanged, compared to its average volume of 4,440,845. Schwab U.S. TIPS ETF has a 1-year low of $26.19 and a 1-year high of $27.19. The company’s fifty day simple moving average is $26.56 and its 200-day simple moving average is $26.64.
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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