Theory Financial LLC Cuts Stake in Schwab U.S. TIPS ETF $SCHP

Theory Financial LLC lessened its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 12.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 199,063 shares of the company’s stock after selling 28,705 shares during the quarter. Schwab U.S. TIPS ETF comprises 1.9% of Theory Financial LLC’s holdings, making the stock its 18th largest position. Theory Financial LLC’s holdings in Schwab U.S. TIPS ETF were worth $5,297,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Archer Investment Corp boosted its stake in Schwab U.S. TIPS ETF by 212.2% during 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 last quarter. Lloyd Advisory Services LLC. acquired a new stake in shares of Schwab U.S. TIPS ETF in the fourth quarter valued at about $29,000. Olistico Wealth LLC acquired a new stake in shares of Schwab U.S. TIPS ETF in the fourth quarter valued at about $30,000. Ameritas Investment Partners Inc. lifted its stake in shares of Schwab U.S. TIPS ETF by 83.9% in the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock worth $32,000 after buying an additional 547 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 69.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock worth $35,000 after buying an additional 541 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

SCHP opened at $26.21 on Thursday. Schwab U.S. TIPS ETF has a twelve month low of $26.14 and a twelve month high of $27.19. The firm’s 50-day moving average price is $26.52 and its 200 day moving average price is $26.64.

About Schwab U.S. TIPS ETF

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.