Alpha Omega Wealth Management LLC Sells 3,665 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Alpha Omega Wealth Management LLC decreased its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 1.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 204,895 shares of the company’s stock after selling 3,665 shares during the period. Schwab U.S. TIPS ETF accounts for about 1.1% of Alpha Omega Wealth Management LLC’s investment portfolio, making the stock its 24th largest position. Alpha Omega Wealth Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $5,510,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SCHP. Northern Trust Corp purchased a new stake in shares of Schwab U.S. TIPS ETF during the fourth quarter worth about $308,000. Allworth Financial LP lifted its position in shares of Schwab U.S. TIPS ETF by 820.4% in the fourth quarter. Allworth Financial LP now owns 17,976 shares of the company’s stock worth $466,000 after buying an additional 16,023 shares in the last quarter. Blair William & Co. IL increased its stake in Schwab U.S. TIPS ETF by 89.5% in the 4th quarter. Blair William & Co. IL now owns 13,434 shares of the company’s stock worth $347,000 after acquiring an additional 6,344 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Schwab U.S. TIPS ETF by 101.1% during the 4th quarter. Franklin Resources Inc. now owns 7,354 shares of the company’s stock worth $190,000 after acquiring an additional 3,698 shares in the last quarter. Finally, Independent Advisor Alliance purchased a new position in shares of Schwab U.S. TIPS ETF in the fourth quarter valued at $376,000.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP opened at $26.25 on Wednesday. The company’s fifty day moving average is $26.43 and its 200 day moving average is $26.31. Schwab U.S. TIPS ETF has a fifty-two week low of $25.68 and a fifty-two week high of $27.06.

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.