Schwab U.S. TIPS ETF $SCHP Stake Lessened by Matrix Trust Co

Matrix Trust Co cut its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 4.8% during the second quarter, Holdings Channel.com reports. The fund owned 1,303,643 shares of the company’s stock after selling 66,382 shares during the period. Schwab U.S. TIPS ETF comprises approximately 5.0% of Matrix Trust Co’s holdings, making the stock its 6th biggest position. Matrix Trust Co’s holdings in Schwab U.S. TIPS ETF were worth $34,547,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in Schwab U.S. TIPS ETF by 211.4% during the fourth quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock worth $541,000 after purchasing an additional 14,212 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Schwab U.S. TIPS ETF by 180.7% in the first quarter. AQR Capital Management LLC now owns 76,197 shares of the company’s stock valued at $2,049,000 after buying an additional 49,056 shares in the last quarter. State Street Corp raised its stake in shares of Schwab U.S. TIPS ETF by 3.0% during the 2nd quarter. State Street Corp now owns 2,599,691 shares of the company’s stock worth $69,360,000 after buying an additional 76,212 shares during the period. Main Street Financial Solutions LLC raised its stake in shares of Schwab U.S. TIPS ETF by 25.5% during the 2nd quarter. Main Street Financial Solutions LLC now owns 11,390 shares of the company’s stock worth $304,000 after buying an additional 2,312 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of Schwab U.S. TIPS ETF by 2.9% during the 2nd 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 during the period.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA:SCHP opened at $25.96 on Monday. Schwab U.S. TIPS ETF has a 1 year low of $25.87 and a 1 year high of $27.19. The business’s 50 day moving average price is $26.30 and its 200-day moving average price is $26.58.

Schwab U.S. TIPS ETF Company 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.