Charles Schwab Trust Co lowered its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 17.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 224,207 shares of the company’s stock after selling 48,456 shares during the quarter. Charles Schwab Trust Co’s holdings in Schwab U.S. TIPS ETF were worth $5,634,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. First Community Trust NA acquired a new stake in shares of Schwab U.S. TIPS ETF in the third quarter worth $25,000. Archer Investment Corp grew its stake in Schwab U.S. TIPS ETF by 212.2% in the 1st quarter. Archer Investment Corp now owns 971 shares of the company’s stock valued at $26,000 after buying an additional 660 shares during the last quarter. TOP Private Wealth LLC. acquired a new position in Schwab U.S. TIPS ETF in the 2nd quarter valued at $38,000. CX Institutional acquired a new position in Schwab U.S. TIPS ETF in the 3rd quarter valued at $44,000. Finally, MidFirst Bank bought a new position in Schwab U.S. TIPS ETF in the 4th quarter worth $50,000.
Schwab U.S. TIPS ETF Stock Up 0.5%
Shares of SCHP stock traded up $0.12 during trading hours on Thursday, reaching $25.39. 3,092,580 shares of the company’s stock were exchanged, compared to its average volume of 4,819,376. Schwab U.S. TIPS ETF has a fifty-two week low of $25.01 and a fifty-two week high of $27.15. The business has a fifty day moving average price of $25.62 and a 200-day moving average price of $26.21.
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.
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