Schwab U.S. TIPS ETF $SCHP is Prentice Wealth Management LLC’s 4th Largest Position

Prentice Wealth Management LLC cut its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 7.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,028,393 shares of the company’s stock after selling 86,920 shares during the period. Schwab U.S. TIPS ETF comprises approximately 6.2% of Prentice Wealth Management LLC’s investment portfolio, making the stock its 4th biggest holding. Prentice Wealth Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $27,366,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Lloyd Advisory Services LLC. acquired a new stake in Schwab U.S. TIPS ETF during the 4th quarter worth about $29,000. Olistico Wealth LLC acquired a new position in shares of Schwab U.S. TIPS ETF in the 4th quarter valued at about $30,000. Ameritas Investment Partners Inc. boosted its stake in shares of Schwab U.S. TIPS ETF by 83.9% in the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock worth $32,000 after buying an additional 547 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 69.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock worth $35,000 after buying an additional 541 shares during the last quarter. Finally, AlphaCore Capital LLC grew its holdings in Schwab U.S. TIPS ETF by 375.9% during the third quarter. AlphaCore Capital LLC now owns 1,561 shares of the company’s stock worth $42,000 after acquiring an additional 1,233 shares during the period.

Schwab U.S. TIPS ETF Price Performance

Schwab U.S. TIPS ETF stock opened at $26.38 on Wednesday. The business’s 50-day moving average price is $26.69 and its 200 day moving average price is $26.67. Schwab U.S. TIPS ETF has a 52 week low of $26.37 and a 52 week 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.