Thrivent Financial for Lutherans reduced its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 54.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 175,333 shares of the company’s stock after selling 210,422 shares during the period. Thrivent Financial for Lutherans’ holdings in Schwab U.S. TIPS ETF were worth $4,678,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Mogy Joel R Investment Counsel Inc. bought a new stake in Schwab U.S. TIPS ETF during the second quarter worth $32,000. Bessemer Group Inc. purchased a new position in Schwab U.S. TIPS ETF during the 2nd quarter worth $32,000. Hantz Financial Services Inc. bought a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter worth $35,000. Bogart Wealth LLC raised its holdings in shares of Schwab U.S. TIPS ETF by 64.1% in the second quarter. Bogart Wealth LLC now owns 1,411 shares of the company’s stock valued at $38,000 after purchasing an additional 551 shares during the last quarter. Finally, Horizon Bancorp Inc. IN bought a new position in shares of Schwab U.S. TIPS ETF during the second quarter valued at about $43,000.
Analysts Set New Price Targets
Separately, Sanford C. Bernstein raised shares of Schwab U.S. TIPS ETF to a “hold” rating in a research report on Friday, December 5th.
Schwab U.S. TIPS ETF Price Performance
Schwab U.S. TIPS ETF stock opened at $26.48 on Friday. The firm has a 50 day moving average price of $26.86 and a 200-day moving average price of $26.76. Schwab U.S. TIPS ETF has a twelve month low of $25.68 and a twelve month high of $27.19.
Schwab U.S. TIPS ETF Company 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.
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