Braun Bostich & Associates Inc. Decreases Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Braun Bostich & Associates Inc. reduced its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 3.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,907 shares of the company’s stock after selling 2,390 shares during the period. Schwab U.S. TIPS ETF makes up about 1.2% of Braun Bostich & Associates Inc.’s holdings, making the stock its 24th biggest holding. Braun Bostich & Associates Inc.’s holdings in Schwab U.S. TIPS ETF were worth $1,638,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC raised its position in shares of Schwab U.S. TIPS ETF by 13.0% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 4,337 shares of the company’s stock worth $117,000 after buying an additional 498 shares in the last quarter. Two West Capital Advisors LLC raised its stake in Schwab U.S. TIPS ETF by 2.1% during the 1st quarter. Two West Capital Advisors LLC now owns 266,971 shares of the company’s stock valued at $6,989,000 after purchasing an additional 5,511 shares during the last quarter. Arvest Investments Inc. increased its holdings in Schwab U.S. TIPS ETF by 2.1% in the 1st quarter. Arvest Investments Inc. now owns 184,702 shares of the company’s stock valued at $4,967,000 after buying an additional 3,770 shares during the period. Stephens Group Asset Management LLC grew its holdings in shares of Schwab U.S. TIPS ETF by 3.8% in the 1st quarter. Stephens Group Asset Management LLC now owns 1,761,382 shares of the company’s stock worth $47,364,000 after purchasing an additional 64,623 shares during the last quarter. Finally, Skyline Advisors Inc. lifted its position in Schwab U.S. TIPS ETF by 4.0% during the 1st quarter. Skyline Advisors Inc. now owns 117,861 shares of the company’s stock worth $3,169,000 after buying an additional 4,552 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA SCHP opened at $26.29 on Thursday. Schwab U.S. TIPS ETF has a 52-week low of $25.68 and a 52-week high of $27.06. The business has a 50 day simple moving average of $26.42 and a 200 day simple moving average of $26.31.

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.