Procyon Advisors LLC reduced its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 15.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 269,525 shares of the company’s stock after selling 47,782 shares during the quarter. Procyon Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $7,172,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. Keener Financial Planning LLC acquired a new stake in Schwab U.S. TIPS ETF during the first quarter worth about $531,000. Diversify Wealth Management LLC raised its position in shares of Schwab U.S. TIPS ETF by 8.2% in the 1st quarter. Diversify Wealth Management LLC now owns 26,300 shares of the company’s stock valued at $706,000 after buying an additional 1,993 shares in the last quarter. Valmark Advisers Inc. raised its position in shares of Schwab U.S. TIPS ETF by 3.3% in the 1st quarter. Valmark Advisers Inc. now owns 230,333 shares of the company’s stock valued at $6,129,000 after buying an additional 7,290 shares in the last quarter. Carnegie Investment Counsel lifted its holdings in shares of Schwab U.S. TIPS ETF by 0.6% during the 1st quarter. Carnegie Investment Counsel now owns 636,178 shares of the company’s stock worth $16,929,000 after acquiring an additional 3,903 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in shares of Schwab U.S. TIPS ETF by 112.7% during the 1st quarter. Fifth Third Bancorp now owns 422,223 shares of the company’s stock worth $11,235,000 after acquiring an additional 223,744 shares during the period.
Schwab U.S. TIPS ETF Stock Performance
NYSEARCA SCHP opened at $26.23 on Monday. The firm’s 50 day simple moving average is $26.56 and its 200 day simple moving average is $26.64. Schwab U.S. TIPS ETF has a 1 year low of $26.19 and a 1 year high of $27.19.
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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