Cahill Financial Advisors Inc. reduced its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 7.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,212 shares of the company’s stock after selling 3,736 shares during the period. Cahill Financial Advisors Inc.’s holdings in Schwab U.S. TIPS ETF were worth $1,260,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Park Avenue Securities LLC acquired a new position in shares of Schwab U.S. TIPS ETF during the 2nd quarter worth about $221,000. Trust Co. of Toledo NA OH purchased a new stake in Schwab U.S. TIPS ETF during the second quarter worth approximately $59,000. CWM LLC boosted its holdings in Schwab U.S. TIPS ETF by 20.8% in the first quarter. CWM LLC now owns 7,524 shares of the company’s stock valued at $202,000 after purchasing an additional 1,294 shares in the last quarter. Inlight Wealth Management LLC increased its stake in Schwab U.S. TIPS ETF by 28.9% in the second quarter. Inlight Wealth Management LLC now owns 7,978 shares of the company’s stock valued at $213,000 after purchasing an additional 1,789 shares during the last quarter. Finally, RHS Financial LLC increased its stake in Schwab U.S. TIPS ETF by 34.7% in the second quarter. RHS Financial LLC now owns 99,653 shares of the company’s stock valued at $2,659,000 after purchasing an additional 25,695 shares during the last quarter.
Schwab U.S. TIPS ETF Stock Performance
Shares of NYSEARCA:SCHP opened at $26.82 on Monday. The firm 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 has a twelve month low of $25.68 and a twelve month high of $27.19.
About Schwab U.S. TIPS ETF
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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