Municipal Employees Retirement System of Michigan Lowers Position in Schwab U.S. TIPS ETF $SCHP

Municipal Employees Retirement System of Michigan decreased its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,248,383 shares of the company’s stock after selling 1,152,844 shares during the period. Schwab U.S. TIPS ETF comprises 4.6% of Municipal Employees Retirement System of Michigan’s portfolio, making the stock its 7th largest holding. Municipal Employees Retirement System of Michigan owned about 2.68% of Schwab U.S. TIPS ETF worth $403,930,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wealthfront Advisers LLC lifted its position in Schwab U.S. TIPS ETF by 11.6% during the third quarter. Wealthfront Advisers LLC now owns 35,688,247 shares of the company’s stock valued at $961,798,000 after purchasing an additional 3,718,170 shares during the period. US Bancorp DE lifted its position in Schwab U.S. TIPS ETF by 899.8% during the third quarter. US Bancorp DE now owns 16,265,679 shares of the company’s stock valued at $438,361,000 after purchasing an additional 14,638,820 shares during the period. Quadratic Capital Management LLC lifted its position in Schwab U.S. TIPS ETF by 23.2% during the fourth quarter. Quadratic Capital Management LLC now owns 14,499,201 shares of the company’s stock valued at $384,084,000 after purchasing an additional 2,732,156 shares during the period. JPMorgan Chase & Co. lifted its position in Schwab U.S. TIPS ETF by 3.9% during the third quarter. JPMorgan Chase & Co. now owns 14,174,158 shares of the company’s stock valued at $381,994,000 after purchasing an additional 531,185 shares during the period. Finally, Sei Investments Co. raised its position in Schwab U.S. TIPS ETF by 4.0% in the third quarter. Sei Investments Co. now owns 11,824,350 shares of the company’s stock worth $318,667,000 after acquiring an additional 458,736 shares during the period.

Schwab U.S. TIPS ETF Trading Up 0.0%

SCHP opened at $26.63 on Friday. Schwab U.S. TIPS ETF has a 1-year low of $26.20 and a 1-year high of $27.19. The firm’s 50 day simple moving average is $26.73 and its two-hundred day simple moving average is $26.71.

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.