American Financial Advisors LLC cut its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 32.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,459 shares of the company’s stock after selling 20,175 shares during the period. American Financial Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $1,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. ORG Partners LLC increased its stake in shares of Schwab U.S. TIPS ETF by 2.0% in the 3rd quarter. ORG Partners LLC now owns 19,090 shares of the company’s stock worth $515,000 after acquiring an additional 377 shares during the last quarter. CWC Advisors LLC. grew its holdings in shares of Schwab U.S. TIPS ETF by 3.4% in the second quarter. CWC Advisors LLC. now owns 11,653 shares of the company’s stock valued at $311,000 after purchasing an additional 384 shares during the period. Financial Freedom LLC increased its position in Schwab U.S. TIPS ETF by 0.5% during the second quarter. Financial Freedom LLC now owns 79,080 shares of the company’s stock worth $2,110,000 after purchasing an additional 405 shares during the last quarter. Cape Investment Advisory Inc. raised its stake in Schwab U.S. TIPS ETF by 28.8% during the second quarter. Cape Investment Advisory Inc. now owns 1,944 shares of the company’s stock worth $52,000 after purchasing an additional 435 shares during the period. Finally, Mengis Capital Management Inc. boosted its holdings in Schwab U.S. TIPS ETF by 2.8% in the 2nd quarter. Mengis Capital Management Inc. now owns 16,010 shares of the company’s stock valued at $427,000 after purchasing an additional 442 shares during the last quarter.
Analyst Ratings Changes
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 Stock Up 0.0%
SCHP stock opened at $26.56 on Tuesday. The business’s 50-day moving average is $26.70 and its two-hundred day moving average is $26.77. Schwab U.S. TIPS ETF has a 1 year low of $25.68 and a 1 year 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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