Benjamin F. Edwards & Company Inc. Reduces Stock Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Benjamin F. Edwards & Company Inc. reduced its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 8.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,254 shares of the company’s stock after selling 988 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Schwab U.S. TIPS ETF were worth $587,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Raymond James & Associates grew its holdings in Schwab U.S. TIPS ETF by 5.2% during the 3rd quarter. Raymond James & Associates now owns 360,036 shares of the company’s stock worth $18,178,000 after acquiring an additional 17,828 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Schwab U.S. TIPS ETF by 37.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 196,538 shares of the company’s stock valued at $9,923,000 after buying an additional 53,673 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Schwab U.S. TIPS ETF by 89.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,000,333 shares of the company’s stock worth $50,507,000 after buying an additional 472,624 shares during the last quarter. Park Avenue Securities LLC acquired a new position in shares of Schwab U.S. TIPS ETF in the 3rd quarter worth approximately $278,000. Finally, Assetmark Inc. grew its position in shares of Schwab U.S. TIPS ETF by 81.7% in the 3rd quarter. Assetmark Inc. now owns 804,526 shares of the company’s stock worth $40,620,000 after acquiring an additional 361,807 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

SCHP stock opened at $51.50 on Thursday. The stock’s 50 day simple moving average is $51.69 and its 200 day simple moving average is $51.55. Schwab U.S. TIPS ETF has a 12-month low of $49.50 and a 12-month high of $53.59.

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.