EQ Wealth Advisors LLC Has $11.27 Million Stock Position in Schwab U.S. TIPS ETF $SCHP

EQ Wealth Advisors LLC cut its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 5.5% in the fourth quarter, Holdings Channel reports. The fund owned 425,280 shares of the company’s stock after selling 24,645 shares during the period. Schwab U.S. TIPS ETF comprises approximately 6.7% of EQ Wealth Advisors LLC’s holdings, making the stock its 4th biggest position. EQ Wealth Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $11,266,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Assetmark Inc. grew its position in Schwab U.S. TIPS ETF by 4.5% in the 3rd quarter. Assetmark Inc. now owns 2,045,996 shares of the company’s stock worth $55,140,000 after purchasing an additional 88,125 shares during the last quarter. Abbington Investment Group acquired a new stake in Schwab U.S. TIPS ETF in the 3rd quarter worth $1,927,000. Altfest L J & Co. Inc. grew its position in Schwab U.S. TIPS ETF by 2.5% in the 3rd quarter. Altfest L J & Co. Inc. now owns 1,009,579 shares of the company’s stock worth $27,208,000 after purchasing an additional 24,538 shares during the last quarter. Cambridge Capital Management LLC grew its position in Schwab U.S. TIPS ETF by 8.3% in the 3rd quarter. Cambridge Capital Management LLC now owns 261,068 shares of the company’s stock worth $7,036,000 after purchasing an additional 20,043 shares during the last quarter. Finally, Clearstead Advisors LLC grew its position in Schwab U.S. TIPS ETF by 34,125.7% in the 3rd quarter. Clearstead Advisors LLC now owns 101,308 shares of the company’s stock worth $2,730,000 after purchasing an additional 101,012 shares during the last quarter.

Schwab U.S. TIPS ETF Trading Up 0.1%

Shares of Schwab U.S. TIPS ETF stock opened at $26.87 on Friday. The firm’s 50-day simple moving average is $26.76 and its 200-day simple moving average is $26.75. Schwab U.S. TIPS ETF has a twelve month low of $26.20 and a twelve month 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.