Matrix Trust Co Sells 112,117 Shares of Schwab U.S. TIPS ETF $SCHP

Matrix Trust Co decreased its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,479,684 shares of the company’s stock after selling 112,117 shares during the period. Schwab U.S. TIPS ETF accounts for about 6.5% of Matrix Trust Co’s investment portfolio, making the stock its 5th largest holding. Matrix Trust Co owned 0.27% of Schwab U.S. TIPS ETF worth $39,197,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SCHP. Founders Financial Alliance LLC increased its position in shares of Schwab U.S. TIPS ETF by 392.8% during the 3rd quarter. Founders Financial Alliance LLC now owns 961 shares of the company’s stock valued at $26,000 after purchasing an additional 766 shares during the period. Financial Consulate Inc. bought a new stake in shares of Schwab U.S. TIPS ETF in the 3rd quarter worth $29,000. Olistico Wealth LLC acquired a new stake in shares of Schwab U.S. TIPS ETF in the fourth quarter valued at $30,000. Ameritas Investment Partners Inc. lifted its holdings in shares of Schwab U.S. TIPS ETF by 83.9% in the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock valued at $32,000 after buying an additional 547 shares during the period. Finally, Glass Jacobson Investment Advisors llc boosted its stake in Schwab U.S. TIPS ETF by 35.3% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,469 shares of the company’s stock valued at $40,000 after buying an additional 383 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

NYSEARCA SCHP opened at $26.46 on Friday. Schwab U.S. TIPS ETF has a 1 year low of $25.83 and a 1 year high of $27.19. The stock’s 50-day moving average price is $26.71 and its two-hundred day moving average price is $26.78.

Analyst Upgrades and Downgrades

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

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.