Schwab U.S. TIPS ETF $SCHP Position Trimmed by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC lowered its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 69.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,398 shares of the company’s stock after selling 347,693 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $4,053,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SCHP. ORG Partners LLC raised its position in shares of Schwab U.S. TIPS ETF by 2.0% during the 3rd quarter. ORG Partners LLC now owns 19,090 shares of the company’s stock worth $515,000 after buying an additional 377 shares in the last quarter. Financial Freedom LLC grew its stake in Schwab U.S. TIPS ETF by 0.5% during the 2nd quarter. Financial Freedom LLC now owns 79,080 shares of the company’s stock valued at $2,110,000 after acquiring an additional 405 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Schwab U.S. TIPS ETF by 4.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 9,541 shares of the company’s stock worth $257,000 after buying an additional 423 shares in the last quarter. Cape Investment Advisory Inc. boosted its position in Schwab U.S. TIPS ETF by 28.8% during the second quarter. Cape Investment Advisory Inc. now owns 1,944 shares of the company’s stock valued at $52,000 after purchasing an additional 435 shares during the last quarter. Finally, Mengis Capital Management Inc. grew its stake in shares of Schwab U.S. TIPS ETF by 2.8% in the 2nd quarter. Mengis Capital Management Inc. now owns 16,010 shares of the company’s stock valued at $427,000 after buying an additional 442 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Down 0.2%

Shares of NYSEARCA SCHP opened at $26.52 on Friday. The firm’s 50-day moving average is $26.68 and its 200-day moving average is $26.77. Schwab U.S. TIPS ETF has a 1 year low of $25.83 and a 1 year high of $27.19.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein upgraded Schwab U.S. TIPS ETF to a “hold” rating in a report on Friday, December 5th.

Schwab U.S. TIPS ETF 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.