Kondo Wealth Advisors Inc. Has $434,000 Stock Holdings in Schwab U.S. TIPS ETF $SCHP

Kondo Wealth Advisors Inc. lowered its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 19.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,132 shares of the company’s stock after selling 3,879 shares during the period. Kondo Wealth Advisors Inc.’s holdings in Schwab U.S. TIPS ETF were worth $434,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SCHP. NBC Securities Inc. boosted its holdings in shares of Schwab U.S. TIPS ETF by 115,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,160 shares of the company’s stock worth $31,000 after buying an additional 1,159 shares in the last quarter. Abound Wealth Management bought a new stake in shares of Schwab U.S. TIPS ETF in the 1st quarter valued at $36,000. Center for Financial Planning Inc. acquired a new position in shares of Schwab U.S. TIPS ETF during the 1st quarter valued at $38,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Schwab U.S. TIPS ETF during the first quarter worth $41,000. Finally, Calton & Associates Inc. bought a new position in Schwab U.S. TIPS ETF during the first quarter worth $58,000.

Schwab U.S. TIPS ETF Stock Up 0.2%

SCHP opened at $27.09 on Friday. Schwab U.S. TIPS ETF has a 1-year low of $25.68 and a 1-year high of $27.11. The company has a fifty day moving average price of $26.71 and a two-hundred day moving average price of $26.57.

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.