Wealthfront Advisers LLC reduced its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 0.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,244,939 shares of the company’s stock after selling 288,194 shares during the quarter. Schwab U.S. TIPS ETF accounts for 2.0% of Wealthfront Advisers LLC’s portfolio, making the stock its 12th largest position. Wealthfront Advisers LLC owned about 5.96% of Schwab U.S. TIPS ETF worth $911,258,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. acquired a new stake in Schwab U.S. TIPS ETF in the first quarter worth approximately $4,155,000. Bank of New York Mellon Corp raised its stake in shares of Schwab U.S. TIPS ETF by 34.7% in the 1st quarter. Bank of New York Mellon Corp now owns 2,420,974 shares of the company’s stock worth $64,422,000 after buying an additional 624,017 shares in the last quarter. Sherman Asset Management Inc. raised its stake in shares of Schwab U.S. TIPS ETF by 11.3% in the 1st quarter. Sherman Asset Management Inc. now owns 60,821 shares of the company’s stock worth $1,618,000 after buying an additional 6,152 shares in the last quarter. SouthState Bank Corp acquired a new position in Schwab U.S. TIPS ETF during the first quarter worth about $770,000. Finally, Sanctuary Advisors LLC raised its position in Schwab U.S. TIPS ETF by 17.1% in the first quarter. Sanctuary Advisors LLC now owns 175,353 shares of the company’s stock worth $4,666,000 after acquiring an additional 25,552 shares in the last quarter.
Schwab U.S. TIPS ETF Price Performance
SCHP stock opened at $26.21 on Thursday. Schwab U.S. TIPS ETF has a 12 month low of $26.14 and a 12 month high of $27.19. The firm has a 50 day simple moving average of $26.52 and a 200 day simple 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.
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