Schwab U.S. TIPS ETF $SCHP Position Lessened by EQ Wealth Advisors LLC

EQ Wealth Advisors LLC lessened its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 19.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 341,629 shares of the company’s stock after selling 83,651 shares during the quarter. Schwab U.S. TIPS ETF accounts for 5.3% of EQ Wealth Advisors LLC’s portfolio, making the stock its 6th largest position. EQ Wealth Advisors LLC owned 0.06% of Schwab U.S. TIPS ETF worth $9,091,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC raised its holdings in Schwab U.S. TIPS ETF by 211.4% in the fourth quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock valued at $541,000 after acquiring an additional 14,212 shares in the last quarter. AQR Capital Management LLC grew its holdings in Schwab U.S. TIPS ETF by 180.7% during the 1st quarter. AQR Capital Management LLC now owns 76,197 shares of the company’s stock worth $2,049,000 after acquiring an additional 49,056 shares in the last quarter. State Street Corp increased its position in shares of Schwab U.S. TIPS ETF by 3.0% in the 2nd quarter. State Street Corp now owns 2,599,691 shares of the company’s stock worth $69,360,000 after purchasing an additional 76,212 shares during the last quarter. Main Street Financial Solutions LLC increased its position in shares of Schwab U.S. TIPS ETF by 25.5% in the 2nd quarter. Main Street Financial Solutions LLC now owns 11,390 shares of the company’s stock worth $304,000 after purchasing an additional 2,312 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Schwab U.S. TIPS ETF by 2.9% in the 2nd quarter. Alliancebernstein L.P. now owns 7,833,720 shares of the company’s stock valued at $209,004,000 after purchasing an additional 223,281 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP stock remained flat at $26.23 during trading hours on Friday. 3,624,867 shares of the stock traded hands, compared to its average volume of 4,440,845. Schwab U.S. TIPS ETF has a twelve month low of $26.19 and a twelve month high of $27.19. The firm has a 50 day moving average price of $26.56 and a 200-day moving average price of $26.64.

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.