Western Wealth Management LLC Has $1.69 Million Stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Western Wealth Management LLC trimmed its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 13.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,337 shares of the company’s stock after selling 5,045 shares during the period. Western Wealth Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $1,688,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SCHP. Bank of New York Mellon Corp raised its holdings in shares of Schwab U.S. TIPS ETF by 160.7% during the first quarter. Bank of New York Mellon Corp now owns 541,345 shares of the company’s stock worth $32,865,000 after acquiring an additional 333,656 shares during the period. Synovus Financial Corp increased its stake in Schwab U.S. TIPS ETF by 11.6% in the 1st quarter. Synovus Financial Corp now owns 3,660 shares of the company’s stock valued at $223,000 after buying an additional 381 shares during the last quarter. Moors & Cabot Inc. increased its stake in Schwab U.S. TIPS ETF by 7.3% in the 1st quarter. Moors & Cabot Inc. now owns 8,144 shares of the company’s stock valued at $494,000 after buying an additional 551 shares during the last quarter. Zions Bancorporation N.A. acquired a new stake in Schwab U.S. TIPS ETF in the 1st quarter valued at $65,000. Finally, NewEdge Advisors LLC increased its stake in Schwab U.S. TIPS ETF by 65.1% in the 1st quarter. NewEdge Advisors LLC now owns 24,423 shares of the company’s stock valued at $1,482,000 after buying an additional 9,629 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Up 0.2 %

SCHP stock traded up $0.10 during midday trading on Friday, hitting $51.34. The company’s stock had a trading volume of 255,605 shares, compared to its average volume of 1,238,895. Schwab U.S. TIPS ETF has a twelve month low of $49.50 and a twelve month high of $53.92. The company’s fifty day moving average price is $51.74 and its 200 day moving average price is $51.41.

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.