Avidian Wealth Enterprises LLC Lowers Stock Position in Schwab U.S. TIPS ETF $SCHP

Avidian Wealth Enterprises LLC cut its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 11.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,486 shares of the company’s stock after selling 1,259 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Schwab U.S. TIPS ETF were worth $253,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mogy Joel R Investment Counsel Inc. purchased a new position in Schwab U.S. TIPS ETF during the second quarter valued at approximately $32,000. Bogart Wealth LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 64.1% during the 2nd quarter. Bogart Wealth LLC now owns 1,411 shares of the company’s stock valued at $38,000 after buying an additional 551 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Schwab U.S. TIPS ETF during the 1st quarter valued at $41,000. Horizon Bancorp Inc. IN bought a new position in Schwab U.S. TIPS ETF in the 2nd quarter worth $43,000. Finally, Blue Trust Inc. increased its stake in Schwab U.S. TIPS ETF by 9,031.8% in the 2nd quarter. Blue Trust Inc. now owns 2,009 shares of the company’s stock worth $54,000 after buying an additional 1,987 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA:SCHP opened at $27.10 on Friday. The business’s 50-day simple moving average is $26.94 and its two-hundred day simple moving average is $26.65. Schwab U.S. TIPS ETF has a 52 week low of $25.68 and a 52 week high of $27.19.

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.