Korea Investment CORP Lowers Holdings in Schwab U.S. TIPS ETF $SCHP

Korea Investment CORP reduced its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 33.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 593,000 shares of the company’s stock after selling 303,446 shares during the quarter. Korea Investment CORP’s holdings in Schwab U.S. TIPS ETF were worth $15,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC lifted its stake in Schwab U.S. TIPS ETF by 0.8% in the second quarter. Kohmann Bosshard Financial Services LLC now owns 1,246,241 shares of the company’s stock worth $33,250,000 after purchasing an additional 10,425 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of Schwab U.S. TIPS ETF during the second quarter valued at approximately $221,000. Bank of New York Mellon Corp raised its holdings in shares of Schwab U.S. TIPS ETF by 5.7% in the second quarter. Bank of New York Mellon Corp now owns 2,184,276 shares of the company’s stock worth $58,276,000 after buying an additional 117,866 shares during the period. Trust Co. of Toledo NA OH bought a new stake in shares of Schwab U.S. TIPS ETF during the 2nd quarter worth approximately $59,000. Finally, CWM LLC boosted its holdings in Schwab U.S. TIPS ETF by 401.0% during the 2nd quarter. CWM LLC now owns 37,692 shares of the company’s stock valued at $1,006,000 after acquiring an additional 30,168 shares during the period.

Schwab U.S. TIPS ETF Stock Down 0.3%

Shares of Schwab U.S. TIPS ETF stock opened at $26.91 on Friday. The stock’s fifty day moving average is $26.93 and its two-hundred day moving average is $26.73. Schwab U.S. TIPS ETF has a 52 week low of $25.68 and a 52 week high of $27.19.

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.