Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Shares Sold by Ellenbecker Investment Group

Ellenbecker Investment Group lessened its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 47.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,407 shares of the company’s stock after selling 18,951 shares during the period. Ellenbecker Investment Group’s holdings in Schwab U.S. TIPS ETF were worth $576,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SCHP. Janney Montgomery Scott LLC raised its stake in shares of Schwab U.S. TIPS ETF by 121.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 13,361 shares of the company’s stock valued at $345,000 after acquiring an additional 7,339 shares during the period. Brighton Jones LLC raised 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 valued at $541,000 after acquiring an additional 14,212 shares during the period. Apollon Wealth Management LLC raised its stake in shares of Schwab U.S. TIPS ETF by 40.0% in the 4th quarter. Apollon Wealth Management LLC now owns 19,711 shares of the company’s stock valued at $509,000 after acquiring an additional 5,628 shares during the period. Kingsview Wealth Management LLC raised its stake in shares of Schwab U.S. TIPS ETF by 98.2% in the 4th quarter. Kingsview Wealth Management LLC now owns 67,152 shares of the company’s stock valued at $1,735,000 after acquiring an additional 33,267 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of Schwab U.S. TIPS ETF by 100.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 18,000 shares of the company’s stock valued at $465,000 after acquiring an additional 9,000 shares during the period.

Schwab U.S. TIPS ETF Price Performance

Shares of SCHP stock opened at $26.25 on Wednesday. The company’s fifty day simple moving average is $26.43 and its 200-day simple moving average is $26.31. Schwab U.S. TIPS ETF has a 52 week low of $25.68 and a 52 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.