Envestnet Portfolio Solutions Inc. reduced its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 20.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 39,526 shares of the company’s stock after selling 9,938 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Schwab U.S. TIPS ETF were worth $1,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mogy Joel R Investment Counsel Inc. acquired a new position in Schwab U.S. TIPS ETF during the second quarter worth $32,000. Center for Financial Planning Inc. acquired a new stake in shares of Schwab U.S. TIPS ETF in the first quarter valued at about $38,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Schwab U.S. TIPS ETF in the first quarter valued at about $41,000. Horizon Bancorp Inc. IN purchased a new stake in shares of Schwab U.S. TIPS ETF during the second quarter worth about $43,000. Finally, Blue Trust Inc. raised its position in shares of Schwab U.S. TIPS ETF by 9,031.8% during the 2nd quarter. Blue Trust Inc. now owns 2,009 shares of the company’s stock worth $54,000 after purchasing an additional 1,987 shares during the last quarter.
Schwab U.S. TIPS ETF Stock Down 0.1%
Shares of Schwab U.S. TIPS ETF stock opened at $27.03 on Friday. Schwab U.S. TIPS ETF has a twelve month low of $25.68 and a twelve month high of $27.19. The firm’s 50-day moving average price is $26.91 and its 200 day moving average price is $26.64.
Schwab U.S. TIPS ETF Company 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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Want to see what other hedge funds are holding SCHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report).
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