Allianz Asset Management GmbH Sells 16,229 Shares of Schwab U.S. TIPs ETF (SCHP)

Allianz Asset Management GmbH cut its position in Schwab U.S. TIPs ETF (NYSEARCA:SCHP) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 324,435 shares of the company’s stock after selling 16,229 shares during the quarter. Allianz Asset Management GmbH owned about 0.30% of Schwab U.S. TIPs ETF worth $17,507,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of Schwab U.S. TIPs ETF by 3.1% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 79,000 shares of the company’s stock worth $4,338,000 after buying an additional 2,346 shares in the last quarter. Horan Capital Management raised its position in shares of Schwab U.S. TIPs ETF by 0.7% during the 3rd quarter. Horan Capital Management now owns 194,247 shares of the company’s stock worth $10,481,000 after buying an additional 1,416 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Schwab U.S. TIPs ETF by 16.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 707,450 shares of the company’s stock worth $37,689,000 after buying an additional 99,624 shares in the last quarter. Madison Investment Holdings Inc. raised its position in shares of Schwab U.S. TIPs ETF by 34.0% during the 2nd quarter. Madison Investment Holdings Inc. now owns 1,819,614 shares of the company’s stock worth $99,915,000 after buying an additional 461,615 shares in the last quarter. Finally, Lutz Financial Services LLC raised its position in shares of Schwab U.S. TIPs ETF by 7.9% during the 2nd quarter. Lutz Financial Services LLC now owns 71,125 shares of the company’s stock worth $3,905,000 after buying an additional 5,213 shares in the last quarter.

SCHP stock opened at $53.48 on Friday. Schwab U.S. TIPs ETF has a 52 week low of $52.75 and a 52 week high of $55.50.

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 7th. Stockholders of record on Tuesday, December 4th were paid a $0.0795 dividend. The ex-dividend date was Monday, December 3rd. This represents a $0.95 annualized dividend and a dividend yield of 1.78%. This is a boost from Schwab U.S. TIPs ETF’s previous monthly dividend of $0.07.

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Further Reading: What is a Reverse Stock Split?

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Institutional Ownership by Quarter for Schwab U.S. TIPs ETF (NYSEARCA:SCHP)

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