High Note Wealth LLC Sells 3,085 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

High Note Wealth LLC trimmed its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 3.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 90,349 shares of the company’s stock after selling 3,085 shares during the quarter. Schwab U.S. TIPS ETF accounts for approximately 1.8% of High Note Wealth LLC’s investment portfolio, making the stock its 18th biggest holding. High Note Wealth LLC’s holdings in Schwab U.S. TIPS ETF were worth $4,716,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in Schwab U.S. TIPS ETF by 160.7% during the first quarter. Bank of New York Mellon Corp now owns 541,345 shares of the company’s stock valued at $32,865,000 after acquiring an additional 333,656 shares in the last quarter. Synovus Financial Corp grew its stake in Schwab U.S. TIPS ETF by 11.6% in the 1st quarter. Synovus Financial Corp now owns 3,660 shares of the company’s stock worth $223,000 after buying an additional 381 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of Schwab U.S. TIPS ETF by 7.3% during the 1st quarter. Moors & Cabot Inc. now owns 8,144 shares of the company’s stock valued at $494,000 after buying an additional 551 shares in the last quarter. Zions Bancorporation N.A. bought a new stake in shares of Schwab U.S. TIPS ETF during the 1st quarter worth $65,000. Finally, NewEdge Advisors LLC grew its position in Schwab U.S. TIPS ETF by 65.1% in the first quarter. NewEdge Advisors LLC now owns 24,423 shares of the company’s stock worth $1,482,000 after acquiring an additional 9,629 shares in the last quarter.

Schwab U.S. TIPS ETF Trading Up 0.3 %

SCHP opened at $52.16 on Thursday. The stock has a 50-day moving average price of $51.84 and a 200-day moving average price of $51.33. Schwab U.S. TIPS ETF has a 12-month low of $49.50 and a 12-month high of $54.10.

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.