Peak Financial Management Inc. Sells 29,490 Shares of Schwab U.S. TIPS ETF $SCHP

Peak Financial Management Inc. reduced its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 8.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 321,186 shares of the company’s stock after selling 29,490 shares during the quarter. Schwab U.S. TIPS ETF accounts for approximately 2.3% of Peak Financial Management Inc.’s investment portfolio, making the stock its 16th largest holding. Peak Financial Management Inc. owned approximately 0.06% of Schwab U.S. TIPS ETF worth $8,656,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings 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 worth $541,000 after purchasing an additional 14,212 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Schwab U.S. TIPS ETF by 3.8% in the first quarter. Raymond James Financial Inc. now owns 764,480 shares of the company’s stock worth $20,557,000 after acquiring an additional 27,917 shares in the last quarter. Jasper Ridge Partners L.P. grew its stake in shares of Schwab U.S. TIPS ETF by 3.8% during the first quarter. Jasper Ridge Partners L.P. now owns 7,808,873 shares of the company’s stock worth $209,981,000 after acquiring an additional 289,378 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Schwab U.S. TIPS ETF by 382.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 130,987 shares of the company’s stock valued at $3,522,000 after acquiring an additional 103,832 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Schwab U.S. TIPS ETF by 125.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 30,738 shares of the company’s stock valued at $823,000 after purchasing an additional 17,083 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Up 0.1%

Shares of NYSEARCA SCHP opened at $26.71 on Friday. The firm’s 50 day simple moving average is $26.87 and its 200-day simple moving average is $26.75. Schwab U.S. TIPS ETF has a 12 month low of $25.68 and a 12 month high of $27.19.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised shares of Schwab U.S. TIPS ETF to a “hold” rating in a research report on Friday, December 5th.

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.