Cloud Capital Management LLC cut its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 11.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,324 shares of the company’s stock after selling 19,338 shares during the period. Schwab U.S. TIPS ETF makes up about 2.1% of Cloud Capital Management LLC’s portfolio, making the stock its 12th biggest holding. Cloud Capital Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $3,943,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. Financial Consulate Inc. bought a new position in shares of Schwab U.S. TIPS ETF during the 3rd quarter valued at approximately $29,000. Bessemer Group Inc. bought a new position in Schwab U.S. TIPS ETF during the second quarter valued at $32,000. Hantz Financial Services Inc. bought a new position in Schwab U.S. TIPS ETF during the second quarter valued at $35,000. Bogart Wealth LLC grew its stake in shares of Schwab U.S. TIPS ETF by 64.1% in the 2nd quarter. Bogart Wealth LLC now owns 1,411 shares of the company’s stock worth $38,000 after buying an additional 551 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc increased its holdings in shares of Schwab U.S. TIPS ETF by 35.3% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,469 shares of the company’s stock worth $40,000 after buying an additional 383 shares during the last quarter.
Wall Street Analysts Forecast Growth
Separately, Sanford C. Bernstein raised shares of Schwab U.S. TIPS ETF to a “hold” rating in a report on Friday, December 5th.
Schwab U.S. TIPS ETF Trading Up 0.1%
Shares of SCHP opened at $26.63 on Thursday. Schwab U.S. TIPS ETF has a 1-year low of $25.83 and a 1-year high of $27.19. The company has a 50-day moving average of $26.63 and a 200 day moving average of $26.77.
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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