Sheets Smith Wealth Management Sells 11,298 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Sheets Smith Wealth Management reduced its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 54.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,321 shares of the company’s stock after selling 11,298 shares during the period. Sheets Smith Wealth Management’s holdings in Schwab U.S. TIPS ETF were worth $487,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Avidian Wealth Solutions LLC raised its position in shares of Schwab U.S. TIPS ETF by 6.1% in the 4th quarter. Avidian Wealth Solutions LLC now owns 212,158 shares of the company’s stock worth $11,075,000 after acquiring an additional 12,206 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its holdings in Schwab U.S. TIPS ETF by 201.7% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 30,615 shares of the company’s stock worth $1,598,000 after purchasing an additional 20,468 shares in the last quarter. Blue Fin Capital Inc. lifted its position in Schwab U.S. TIPS ETF by 36.4% during the fourth quarter. Blue Fin Capital Inc. now owns 38,821 shares of the company’s stock valued at $2,026,000 after buying an additional 10,369 shares during the period. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 7.5% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 37,271 shares of the company’s stock valued at $1,946,000 after buying an additional 2,609 shares in the last quarter. Finally, Fisher Asset Management LLC purchased a new stake in shares of Schwab U.S. TIPS ETF in the 4th quarter worth about $229,000.

Schwab U.S. TIPS ETF Trading Up 0.1 %

NYSEARCA SCHP traded up $0.04 during trading hours on Monday, reaching $51.55. 526,676 shares of the company’s stock traded hands, compared to its average volume of 1,246,861. Schwab U.S. TIPS ETF has a 52-week low of $49.50 and a 52-week high of $53.59. The firm has a 50-day simple moving average of $51.69 and a 200 day simple moving average of $51.52.

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.