Eagle Bay Advisors LLC cut its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 91.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,528 shares of the company’s stock after selling 82,391 shares during the period. Eagle Bay Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $200,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Lloyd Advisory Services LLC. acquired a new position in Schwab U.S. TIPS ETF in the fourth quarter valued at about $29,000. Olistico Wealth LLC bought a new stake in Schwab U.S. TIPS ETF during the 4th quarter worth about $30,000. Ameritas Investment Partners Inc. grew its holdings 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 worth $32,000 after acquiring an additional 547 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Schwab U.S. TIPS ETF by 69.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock valued at $35,000 after acquiring an additional 541 shares in the last quarter. Finally, LGT Financial Advisors LLC acquired a new stake in Schwab U.S. TIPS ETF in the 3rd quarter valued at about $49,000.
Schwab U.S. TIPS ETF Stock Up 0.2%
Shares of NYSEARCA SCHP opened at $26.29 on Friday. Schwab U.S. TIPS ETF has a 1-year low of $26.23 and a 1-year high of $27.19. The company has a 50-day moving average of $26.64 and a two-hundred day moving average of $26.66.
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.
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