FDx Advisors Inc. trimmed its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 2.5% during the second quarter, HoldingsChannel.com reports. The fund owned 502,158 shares of the company’s stock after selling 12,807 shares during the quarter. Schwab U.S. TIPS ETF makes up 4.1% of FDx Advisors Inc.’s portfolio, making the stock its 6th biggest position. FDx Advisors Inc.’s holdings in Schwab U.S. TIPS ETF were worth $13,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in the company. Mogy Joel R Investment Counsel Inc. acquired a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter valued at $32,000. Bessemer Group Inc. bought a new stake in shares of Schwab U.S. TIPS ETF during the 2nd quarter worth $32,000. Hantz Financial Services Inc. acquired a new stake in Schwab U.S. TIPS ETF in the second quarter valued at about $35,000. Bogart Wealth LLC boosted its stake in Schwab U.S. TIPS ETF by 64.1% in the second 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. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in Schwab U.S. TIPS ETF in the first quarter valued at about $41,000.
Schwab U.S. TIPS ETF Price Performance
Shares of NYSEARCA SCHP opened at $26.82 on Friday. Schwab U.S. TIPS ETF has a 12 month low of $25.68 and a 12 month high of $27.19. The stock has a 50-day moving average price of $26.97 and a two-hundred day moving average price of $26.69.
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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