Apollon Wealth Management LLC lessened its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 26.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,475 shares of the company’s stock after selling 4,889 shares during the quarter. Apollon Wealth Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $360,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in Schwab U.S. TIPS ETF by 1,240.8% during the 1st quarter. JPMorgan Chase & Co. now owns 17,556,656 shares of the company’s stock worth $472,102,000 after buying an additional 16,247,258 shares during the last quarter. Wealthfront Advisers LLC increased its stake in shares of Schwab U.S. TIPS ETF by 26.9% in the first quarter. Wealthfront Advisers LLC now owns 28,220,930 shares of the company’s stock worth $758,861,000 after acquiring an additional 5,986,682 shares during the period. Empower Advisory Group LLC increased its stake in shares of Schwab U.S. TIPS ETF by 6.2% in the first quarter. Empower Advisory Group LLC now owns 40,669,805 shares of the company’s stock worth $1,093,611,000 after acquiring an additional 2,368,720 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Schwab U.S. TIPS ETF in the second quarter worth $28,606,000. Finally, Garde Capital Inc. acquired a new stake in shares of Schwab U.S. TIPS ETF in the first quarter worth $28,300,000.
Schwab U.S. TIPS ETF Stock Down 0.1%
NYSEARCA:SCHP opened at $27.03 on Friday. Schwab U.S. TIPS ETF has a one year low of $25.68 and a one year high of $27.19. The firm’s fifty day moving average is $26.91 and its two-hundred day moving average is $26.64.
About Schwab U.S. TIPS ETF
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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