Koshinski Asset Management Inc. Cuts Stock Position in Schwab U.S. TIPS ETF $SCHP

Koshinski Asset Management Inc. lessened its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 37.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,324 shares of the company’s stock after selling 8,560 shares during the period. Koshinski Asset Management Inc.’s holdings in Schwab U.S. TIPS ETF were worth $382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SCHP. Brighton Jones LLC grew its stake in Schwab U.S. TIPS ETF by 211.4% in the fourth quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock valued at $541,000 after purchasing an additional 14,212 shares during the last quarter. Center for Financial Planning Inc. purchased a new stake in shares of Schwab U.S. TIPS ETF during the first quarter worth about $38,000. Moser Wealth Advisors LLC grew its stake in shares of Schwab U.S. TIPS ETF by 5.7% during the first quarter. Moser Wealth Advisors LLC now owns 120,008 shares of the company’s stock worth $3,227,000 after acquiring an additional 6,426 shares during the last quarter. EQ Wealth Advisors LLC grew its stake in shares of Schwab U.S. TIPS ETF by 15.0% during the first quarter. EQ Wealth Advisors LLC now owns 351,866 shares of the company’s stock worth $9,462,000 after acquiring an additional 45,947 shares during the last quarter. Finally, Global Assets Advisory LLC grew its stake in shares of Schwab U.S. TIPS ETF by 200.0% during the first quarter. Global Assets Advisory LLC now owns 33,318 shares of the company’s stock worth $886,000 after acquiring an additional 22,212 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP stock opened at $27.05 on Tuesday. Schwab U.S. TIPS ETF has a fifty-two week low of $25.68 and a fifty-two week high of $27.19. The stock’s 50-day simple moving average is $26.91 and its 200-day simple moving average is $26.64.

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.