Schwab U.S. TIPS ETF $SCHP is Prentice Wealth Management LLC’s 4th Largest Position

Prentice Wealth Management LLC reduced its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 7.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,028,393 shares of the company’s stock after selling 86,920 shares during the period. Schwab U.S. TIPS ETF makes up approximately 6.2% of Prentice Wealth Management LLC’s investment portfolio, making the stock its 4th biggest holding. Prentice Wealth Management LLC owned 0.18% of Schwab U.S. TIPS ETF worth $27,366,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Lloyd Advisory Services LLC. purchased a new position in Schwab U.S. TIPS ETF in the 4th quarter worth $29,000. Olistico Wealth LLC purchased a new stake in Schwab U.S. TIPS ETF during the 4th quarter valued at about $30,000. Ameritas Investment Partners Inc. grew its stake in Schwab U.S. TIPS ETF by 83.9% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock valued at $32,000 after purchasing an additional 547 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings 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 valued at $35,000 after purchasing an additional 541 shares during the period. Finally, AlphaCore Capital LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 375.9% in the third quarter. AlphaCore Capital LLC now owns 1,561 shares of the company’s stock valued at $42,000 after purchasing an additional 1,233 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA:SCHP opened at $26.38 on Wednesday. Schwab U.S. TIPS ETF has a 52-week low of $26.37 and a 52-week high of $27.19. The business has a 50-day moving average price of $26.69 and a 200-day moving average price of $26.67.

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.