Schwab U.S. TIPS ETF $SCHP Holdings Trimmed by Modera Wealth Management LLC

Modera Wealth Management LLC reduced its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 6.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 701,267 shares of the company’s stock after selling 49,597 shares during the period. Modera Wealth Management LLC owned approximately 0.12% of Schwab U.S. TIPS ETF worth $18,661,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SCHP. Brighton Jones LLC grew its stake in shares of Schwab U.S. TIPS ETF by 211.4% in the 4th quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock worth $541,000 after purchasing an additional 14,212 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Schwab U.S. TIPS ETF by 180.7% in the 1st quarter. AQR Capital Management LLC now owns 76,197 shares of the company’s stock worth $2,049,000 after purchasing an additional 49,056 shares in the last quarter. State Street Corp lifted its stake in Schwab U.S. TIPS ETF by 3.0% during the second quarter. State Street Corp now owns 2,599,691 shares of the company’s stock valued at $69,360,000 after purchasing an additional 76,212 shares during the last quarter. Main Street Financial Solutions LLC lifted its stake in Schwab U.S. TIPS ETF by 25.5% during the second quarter. Main Street Financial Solutions LLC now owns 11,390 shares of the company’s stock valued at $304,000 after purchasing an additional 2,312 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Schwab U.S. TIPS ETF by 2.9% during the second quarter. Alliancebernstein L.P. now owns 7,833,720 shares of the company’s stock worth $209,004,000 after buying an additional 223,281 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA:SCHP opened at $26.26 on Friday. Schwab U.S. TIPS ETF has a 1-year low of $26.14 and a 1-year high of $27.19. The company has a 50 day moving average price of $26.50 and a 200 day moving average price of $26.63.

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.