Schwab U.S. TIPS ETF $SCHP is Lutz Financial Services LLC’s 8th Largest Position

Lutz Financial Services LLC lowered its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,850,449 shares of the company’s stock after selling 31,876 shares during the period. Schwab U.S. TIPS ETF comprises 3.8% of Lutz Financial Services LLC’s investment portfolio, making the stock its 8th biggest position. Lutz Financial Services LLC’s holdings in Schwab U.S. TIPS ETF were worth $49,370,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SCHP. Brighton Jones LLC increased its stake in shares of 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. Wealth Enhancement Advisory Services LLC increased its stake in shares of Schwab U.S. TIPS ETF by 33.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,965,014 shares of the company’s stock worth $52,839,000 after purchasing an additional 496,070 shares in the last quarter. United Advisor Group LLC increased its stake in shares of Schwab U.S. TIPS ETF by 24.3% during the first quarter. United Advisor Group LLC now owns 18,305 shares of the company’s stock worth $492,000 after purchasing an additional 3,584 shares in the last quarter. Avior Wealth Management LLC increased its stake in shares of Schwab U.S. TIPS ETF by 1.7% during the first quarter. Avior Wealth Management LLC now owns 781,245 shares of the company’s stock worth $21,008,000 after purchasing an additional 13,072 shares in the last quarter. Finally, Advisor Resource Council purchased a new stake in shares of Schwab U.S. TIPS ETF during the first quarter worth about $1,520,000.

Schwab U.S. TIPS ETF Stock Down 0.1%

Shares of NYSEARCA SCHP opened at $27.03 on Friday. Schwab U.S. TIPS ETF has a 12-month low of $25.68 and a 12-month high of $27.19. The company has a 50-day moving average of $26.91 and a 200 day moving average of $26.64.

Schwab U.S. TIPS ETF 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.