Vestmark Advisory Solutions Inc. cut its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 54.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 129,895 shares of the company’s stock after selling 153,715 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Schwab U.S. TIPS ETF were worth $3,501,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of SCHP. Founders Financial Alliance LLC raised its stake in Schwab U.S. TIPS ETF by 392.8% during the third quarter. Founders Financial Alliance LLC now owns 961 shares of the company’s stock worth $26,000 after purchasing an additional 766 shares during the period. Financial Consulate Inc. purchased a new position in shares of Schwab U.S. TIPS ETF in the 3rd quarter worth $29,000. Bessemer Group Inc. purchased a new position in shares of Schwab U.S. TIPS ETF in the 2nd quarter worth $32,000. Hantz Financial Services Inc. acquired a new position in Schwab U.S. TIPS ETF in the second quarter valued at $35,000. Finally, Glass Jacobson Investment Advisors llc increased 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 worth $40,000 after acquiring an additional 383 shares during the last quarter.
Analyst Upgrades and Downgrades
Separately, Sanford C. Bernstein raised Schwab U.S. TIPS ETF to a “hold” rating in a research note on Friday, December 5th.
Schwab U.S. TIPS ETF Stock Performance
Shares of SCHP stock opened at $26.83 on Tuesday. The firm has a fifty day simple moving average of $26.61 and a 200-day simple moving average of $26.79. Schwab U.S. TIPS ETF has a twelve month low of $25.83 and a twelve month high of $27.19.
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.
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