Korea Investment CORP Sells 296,500 Shares of Schwab U.S. TIPS ETF $SCHP

Korea Investment CORP decreased its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 50.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 296,500 shares of the company’s stock after selling 296,500 shares during the period. Korea Investment CORP’s holdings in Schwab U.S. TIPS ETF were worth $7,991,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in SCHP. Empower Advisory Group LLC lifted its holdings in Schwab U.S. TIPS ETF by 4.9% during the 2nd quarter. Empower Advisory Group LLC now owns 42,677,764 shares of the company’s stock worth $1,138,643,000 after purchasing an additional 2,007,959 shares during the last quarter. Wealthfront Advisers LLC grew its holdings in Schwab U.S. TIPS ETF by 11.6% in the 3rd quarter. Wealthfront Advisers LLC now owns 35,688,247 shares of the company’s stock valued at $961,798,000 after buying an additional 3,718,170 shares in the last quarter. US Bancorp DE grew its holdings in Schwab U.S. TIPS ETF by 899.8% in the 3rd quarter. US Bancorp DE now owns 16,265,679 shares of the company’s stock valued at $438,361,000 after buying an additional 14,638,820 shares in the last quarter. JPMorgan Chase & Co. increased its position in Schwab U.S. TIPS ETF by 3.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,174,158 shares of the company’s stock worth $381,994,000 after buying an additional 531,185 shares during the period. Finally, Quadratic Capital Management LLC increased its position 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 worth $317,122,000 after buying an additional 2,870,303 shares during the period.

Schwab U.S. TIPS ETF Price Performance

SCHP opened at $26.75 on Friday. Schwab U.S. TIPS ETF has a 52-week low of $25.83 and a 52-week high of $27.19. The business’s fifty day moving average is $26.69 and its 200-day moving average is $26.80.

Analysts Set New Price Targets

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

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.