Modera Wealth Management LLC Has $18.66 Million Stock Position in Schwab U.S. TIPS ETF $SCHP

Modera Wealth Management LLC lowered its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 6.6% during the first quarter, HoldingsChannel reports. The firm owned 701,267 shares of the company’s stock after selling 49,597 shares during the period. Modera Wealth Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $18,661,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SCHP. Quadratic Capital Management LLC lifted its stake 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 buying an additional 2,732,156 shares in the last quarter. Cerity Partners LLC increased its position in shares of Schwab U.S. TIPS ETF by 11.2% in the fourth quarter. Cerity Partners LLC now owns 9,291,730 shares of the company’s stock worth $246,138,000 after acquiring an additional 936,063 shares in the last quarter. Evoke Wealth LLC increased its position in shares of Schwab U.S. TIPS ETF by 16.5% in the fourth quarter. Evoke Wealth LLC now owns 9,032,516 shares of the company’s stock worth $239,272,000 after acquiring an additional 1,281,394 shares in the last quarter. Lincoln National Corp raised its holdings in shares of Schwab U.S. TIPS ETF by 180.0% during the first quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock valued at $237,038,000 after acquiring an additional 5,726,082 shares during the period. Finally, CENTRAL TRUST Co raised its holdings in shares of Schwab U.S. TIPS ETF by 5.5% during the first quarter. CENTRAL TRUST Co now owns 8,055,215 shares of the company’s stock valued at $214,349,000 after acquiring an additional 421,678 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA:SCHP opened at $26.26 on Friday. Schwab U.S. TIPS ETF has a 52 week low of $26.14 and a 52 week high of $27.19. The firm has a 50 day simple moving average of $26.50 and a 200 day simple moving average of $26.63.

Schwab U.S. TIPS ETF Company 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.