Ethos Financial Group LLC Cuts Position in Schwab U.S. TIPS ETF $SCHP

Ethos Financial Group LLC lowered its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 7.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,665 shares of the company’s stock after selling 5,026 shares during the quarter. Ethos Financial Group LLC’s holdings in Schwab U.S. TIPS ETF were worth $1,699,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empower Advisory Group LLC raised its holdings in shares of Schwab U.S. TIPS ETF by 6.2% in the 1st quarter. Empower Advisory Group LLC now owns 40,669,805 shares of the company’s stock valued at $1,093,611,000 after purchasing an additional 2,368,720 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in Schwab U.S. TIPS ETF by 13.3% in the second quarter. Wealthfront Advisers LLC now owns 31,970,077 shares of the company’s stock valued at $852,962,000 after buying an additional 3,749,147 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Schwab U.S. TIPS ETF by 1,240.8% in the first quarter. JPMorgan Chase & Co. now owns 17,556,656 shares of the company’s stock valued at $472,102,000 after buying an additional 16,247,258 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Schwab U.S. TIPS ETF by 5.4% in the first quarter. Municipal Employees Retirement System of Michigan now owns 16,401,227 shares of the company’s stock valued at $441,029,000 after buying an additional 835,548 shares in the last quarter. Finally, Lincoln National Corp lifted its holdings in Schwab U.S. TIPS ETF by 2.6% during the 2nd quarter. Lincoln National Corp now owns 8,207,688 shares of the company’s stock worth $218,981,000 after buying an additional 207,635 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Up 0.2%

NYSEARCA:SCHP opened at $26.81 on Friday. Schwab U.S. TIPS ETF has a 1 year low of $25.68 and a 1 year high of $27.19. The stock has a 50-day simple moving average of $26.97 and a 200-day simple moving average of $26.69.

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.