Procyon Advisors LLC Sells 47,782 Shares of Schwab U.S. TIPS ETF $SCHP

Procyon Advisors LLC decreased its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 15.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 269,525 shares of the company’s stock after selling 47,782 shares during the quarter. Procyon Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $7,172,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Pine Haven Investment Counsel Inc boosted its stake in shares of Schwab U.S. TIPS ETF by 0.9% in the 4th quarter. Pine Haven Investment Counsel Inc now owns 42,192 shares of the company’s stock valued at $1,118,000 after purchasing an additional 390 shares in the last quarter. Fortis Capital Management LLC increased its position in Schwab U.S. TIPS ETF by 1.3% during the 4th quarter. Fortis Capital Management LLC now owns 30,765 shares of the company’s stock worth $815,000 after purchasing an additional 390 shares in the last quarter. Cape Investment Advisory Inc. increased its position in Schwab U.S. TIPS ETF by 21.2% during the 3rd quarter. Cape Investment Advisory Inc. now owns 2,356 shares of the company’s stock worth $63,000 after purchasing an additional 412 shares in the last quarter. Arta Finance Wealth Management LLC lifted its stake in Schwab U.S. TIPS ETF by 1.8% in the 1st quarter. Arta Finance Wealth Management LLC now owns 27,080 shares of the company’s stock valued at $720,000 after purchasing an additional 474 shares during the last quarter. Finally, Vista Capital Partners Inc. lifted its stake in Schwab U.S. TIPS ETF by 2.8% in the 4th quarter. Vista Capital Partners Inc. now owns 19,104 shares of the company’s stock valued at $506,000 after purchasing an additional 523 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of Schwab U.S. TIPS ETF stock opened at $26.23 on Monday. Schwab U.S. TIPS ETF has a fifty-two week low of $26.19 and a fifty-two week high of $27.19. The company’s 50 day moving average price is $26.56 and its two-hundred day moving average price is $26.64.

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.