Schwab U.S. TIPS ETF $SCHP Stock: Quadratic Capital Management LLC Reduces Position

Quadratic Capital Management LLC cut its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 13.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,960,934 shares of the company’s stock after selling 1,092,101 shares during the period. Schwab U.S. TIPS ETF makes up 94.8% of Quadratic Capital Management LLC’s holdings, making the stock its largest position. Quadratic Capital Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $174,928,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Fermata Advisors LLC acquired a new stake in shares of Schwab U.S. TIPS ETF during the third quarter worth about $696,000. Avior Wealth Management LLC purchased a new stake in Schwab U.S. TIPS ETF in the third quarter valued at approximately $27,214,000. Baldwin Wealth Partners LLC MA purchased a new stake in Schwab U.S. TIPS ETF in the third quarter valued at approximately $39,649,000. Councilor Wealth LLC acquired a new position in Schwab U.S. TIPS ETF in the 3rd quarter worth approximately $1,900,000. Finally, Armstrong Advisory Group Inc. increased its holdings in Schwab U.S. TIPS ETF by 2.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 3,629,675 shares of the company’s stock worth $91,214,000 after buying an additional 102,157 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

SCHP traded down $0.01 during trading on Tuesday, reaching $25.20. 1,692,355 shares of the company’s stock were exchanged, compared to its average volume of 4,808,676. Schwab U.S. TIPS ETF has a 1 year low of $25.01 and a 1 year high of $27.15. The company’s fifty day simple moving average is $25.65 and its 200-day simple moving average is $26.22.

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.