Belpointe Asset Management LLC reduced its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,594 shares of the company’s stock after selling 1,239 shares during the period. Belpointe Asset Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $1,163,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHP. JPMorgan Chase & Co. raised its holdings in Schwab U.S. TIPS ETF by 1,240.8% during the first quarter. JPMorgan Chase & Co. now owns 17,556,656 shares of the company’s stock worth $472,102,000 after purchasing an additional 16,247,258 shares in the last quarter. Wealthfront Advisers LLC raised its holdings in Schwab U.S. TIPS ETF by 26.9% during the first quarter. Wealthfront Advisers LLC now owns 28,220,930 shares of the company’s stock worth $758,861,000 after purchasing an additional 5,986,682 shares in the last quarter. Empower Advisory Group LLC raised its holdings in Schwab U.S. TIPS ETF by 6.2% during the first quarter. Empower Advisory Group LLC now owns 40,669,805 shares of the company’s stock worth $1,093,611,000 after purchasing an additional 2,368,720 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Schwab U.S. TIPS ETF during the second quarter worth approximately $28,606,000. Finally, Garde Capital Inc. acquired a new stake in Schwab U.S. TIPS ETF during the first quarter worth approximately $28,300,000.
Schwab U.S. TIPS ETF Price Performance
SCHP stock opened at $26.89 on Wednesday. Schwab U.S. TIPS ETF has a twelve month low of $25.68 and a twelve month high of $27.19. The company’s 50 day moving average is $26.86 and its two-hundred day moving average is $26.62.
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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