Quadratic Capital Management LLC Sells 1,092,101 Shares of Schwab U.S. TIPS ETF $SCHP

Quadratic Capital Management LLC decreased its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 13.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,960,934 shares of the company’s stock after selling 1,092,101 shares during the quarter. Schwab U.S. TIPS ETF comprises about 94.8% of Quadratic Capital Management LLC’s portfolio, making the stock its biggest position. Quadratic Capital Management LLC owned approximately 1.08% of Schwab U.S. TIPS ETF worth $174,928,000 at the end of the most recent quarter.

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

Schwab U.S. TIPS ETF Trading Down 0.0%

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

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.