MBE Wealth Management LLC trimmed its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 7.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 287,637 shares of the company’s stock after selling 22,024 shares during the quarter. Schwab U.S. TIPS ETF comprises 3.2% of MBE Wealth Management LLC’s portfolio, making the stock its 8th largest holding. MBE Wealth Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $7,654,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in SCHP. Lloyd Advisory Services LLC. acquired a new position in Schwab U.S. TIPS ETF during the 4th quarter worth $29,000. Olistico Wealth LLC acquired a new position in shares of Schwab U.S. TIPS ETF during the fourth quarter valued at $30,000. Ameritas Investment Partners Inc. increased its holdings in shares of Schwab U.S. TIPS ETF by 83.9% during the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock valued at $32,000 after purchasing an additional 547 shares during the period. CIBC Private Wealth Group LLC raised its stake in shares of Schwab U.S. TIPS ETF by 69.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock valued at $35,000 after purchasing an additional 541 shares in the last quarter. Finally, AlphaCore Capital LLC raised its stake in shares of Schwab U.S. TIPS ETF by 375.9% during the third quarter. AlphaCore Capital LLC now owns 1,561 shares of the company’s stock valued at $42,000 after purchasing an additional 1,233 shares in the last quarter.
Schwab U.S. TIPS ETF Stock Up 0.2%
SCHP stock opened at $26.57 on Friday. The company has a 50-day simple moving average of $26.67 and a 200 day simple moving average of $26.67. Schwab U.S. TIPS ETF has a fifty-two week low of $26.37 and a fifty-two week high of $27.19.
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.
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