Schwab U.S. TIPS ETF $SCHP Position Trimmed by GenTrust LLC

GenTrust LLC cut its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 28.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 122,960 shares of the company’s stock after selling 48,520 shares during the period. GenTrust LLC’s holdings in Schwab U.S. TIPS ETF were worth $3,314,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. increased its stake in shares of Schwab U.S. TIPS ETF by 9,813.6% during the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 3,918,443 shares of the company’s stock worth $105,602,000 after purchasing an additional 3,878,917 shares during the last quarter. Wealthfront Advisers LLC increased its position in Schwab U.S. TIPS ETF by 13.3% in the 2nd quarter. Wealthfront Advisers LLC now owns 31,970,077 shares of the company’s stock worth $852,962,000 after buying an additional 3,749,147 shares during the period. Quadratic Capital Management LLC raised its stake in Schwab U.S. TIPS ETF by 32.3% during the 3rd quarter. Quadratic Capital Management LLC now owns 11,767,045 shares of the company’s stock valued at $317,122,000 after purchasing an additional 2,870,303 shares during the last quarter. Empower Advisory Group LLC raised its position in shares of Schwab U.S. TIPS ETF by 4.9% during the second quarter. Empower Advisory Group LLC now owns 42,677,764 shares of the company’s stock valued at $1,138,643,000 after buying an additional 2,007,959 shares during the last quarter. Finally, Diversified Enterprises LLC raised its holdings in Schwab U.S. TIPS ETF by 7,001.5% in the 3rd quarter. Diversified Enterprises LLC now owns 1,561,546 shares of the company’s stock valued at $42,084,000 after acquiring an additional 1,539,557 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA:SCHP opened at $26.84 on Friday. The company’s 50-day moving average price is $26.60 and its two-hundred day moving average price is $26.78. Schwab U.S. TIPS ETF has a 12 month low of $25.83 and a 12 month high of $27.19.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised shares of 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.