NFP Retirement Inc. Reduces Stock Holdings in Schwab U.S. TIPS ETF $SCHP

NFP Retirement Inc. cut its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 14.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 72,161 shares of the company’s stock after selling 11,752 shares during the quarter. NFP Retirement Inc.’s holdings in Schwab U.S. TIPS ETF were worth $1,925,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SCHP. Brighton Jones LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 211.4% during the fourth quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock valued at $541,000 after acquiring an additional 14,212 shares in the last quarter. CWM LLC grew its position in Schwab U.S. TIPS ETF by 20.8% during the 1st quarter. CWM LLC now owns 7,524 shares of the company’s stock worth $202,000 after purchasing an additional 1,294 shares during the last quarter. Private Advisor Group LLC increased its stake in Schwab U.S. TIPS ETF by 17.6% during the 1st quarter. Private Advisor Group LLC now owns 159,798 shares of the company’s stock valued at $4,297,000 after purchasing an additional 23,899 shares in the last quarter. Richardson Financial Services Inc. raised its holdings in shares of Schwab U.S. TIPS ETF by 19.5% in the first quarter. Richardson Financial Services Inc. now owns 6,901 shares of the company’s stock worth $186,000 after buying an additional 1,128 shares during the last quarter. Finally, Blume Capital Management Inc. raised its holdings in shares of Schwab U.S. TIPS ETF by 25.0% in the first quarter. Blume Capital Management Inc. now owns 10,000 shares of the company’s stock worth $269,000 after buying an additional 2,000 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of SCHP opened at $26.79 on Thursday. The company’s fifty day moving average price is $26.95 and its 200-day moving average price is $26.70. Schwab U.S. TIPS ETF has a 1-year low of $25.68 and a 1-year high of $27.19.

Schwab U.S. TIPS ETF 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.