Assetmark Inc. Sells 353,589 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Assetmark Inc. decreased its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 43.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 450,937 shares of the company’s stock after selling 353,589 shares during the quarter. Assetmark Inc. owned 0.20% of Schwab U.S. TIPS ETF worth $23,539,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Summit Trail Advisors LLC increased its stake in Schwab U.S. TIPS ETF by 23.3% in the 4th quarter. Summit Trail Advisors LLC now owns 173,898 shares of the company’s stock worth $9,077,000 after buying an additional 32,909 shares in the last quarter. Savvy Advisors Inc. purchased a new position in shares of Schwab U.S. TIPS ETF in the fourth quarter valued at $893,000. Goodwin Investment Advisory bought a new stake in Schwab U.S. TIPS ETF in the fourth quarter worth $5,211,000. Modera Wealth Management LLC raised its stake in Schwab U.S. TIPS ETF by 0.5% during the third quarter. Modera Wealth Management LLC now owns 358,727 shares of the company’s stock valued at $18,112,000 after purchasing an additional 1,647 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its position in Schwab U.S. TIPS ETF by 9.6% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 43,791 shares of the company’s stock valued at $2,286,000 after purchasing an additional 3,845 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA:SCHP traded down $0.02 on Wednesday, reaching $51.94. The company’s stock had a trading volume of 117,270 shares, compared to its average volume of 1,277,221. The company has a 50-day simple moving average of $51.63 and a 200 day simple moving average of $51.65. Schwab U.S. TIPS ETF has a 52-week low of $49.50 and a 52-week high of $52.94.

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.