Exchange Traded Concepts LLC Sells 4,259 Shares of Schwab U.S. TIPS ETF $SCHP

Exchange Traded Concepts LLC cut its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 7.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,071 shares of the company’s stock after selling 4,259 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Schwab U.S. TIPS ETF were worth $1,336,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. NBC Securities Inc. grew its position in Schwab U.S. TIPS ETF by 115,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,160 shares of the company’s stock worth $31,000 after acquiring an additional 1,159 shares during the last quarter. Abound Wealth Management bought a new stake in shares of Schwab U.S. TIPS ETF in the 1st quarter worth approximately $36,000. Center for Financial Planning Inc. bought a new stake in shares of Schwab U.S. TIPS ETF in the 1st quarter worth approximately $38,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Schwab U.S. TIPS ETF in the 1st quarter worth approximately $41,000. Finally, Calton & Associates Inc. bought a new stake in shares of Schwab U.S. TIPS ETF in the 1st quarter worth approximately $58,000.

Schwab U.S. TIPS ETF Trading Down 0.2%

Shares of SCHP stock opened at $26.93 on Tuesday. Schwab U.S. TIPS ETF has a fifty-two week low of $25.68 and a fifty-two week high of $27.19. The business’s 50 day moving average price is $26.79 and its 200-day moving average price is $26.59.

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.