Assetmark Inc. Sells 113,993 Shares of Schwab U.S. TIPS ETF $SCHP

Assetmark Inc. lowered its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,932,003 shares of the company’s stock after selling 113,993 shares during the period. Assetmark Inc. owned about 0.34% of Schwab U.S. TIPS ETF worth $51,179,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 11.6% in the 3rd quarter. Wealthfront Advisers LLC now owns 35,688,247 shares of the company’s stock valued at $961,798,000 after acquiring an additional 3,718,170 shares during the last quarter. US Bancorp DE lifted its stake in shares of Schwab U.S. TIPS ETF by 899.8% in the 3rd quarter. US Bancorp DE now owns 16,265,679 shares of the company’s stock valued at $438,361,000 after acquiring an additional 14,638,820 shares during the last quarter. Quadratic Capital Management LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 23.2% in the 4th quarter. Quadratic Capital Management LLC now owns 14,499,201 shares of the company’s stock valued at $384,084,000 after acquiring an additional 2,732,156 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Schwab U.S. TIPS ETF by 3.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,174,158 shares of the company’s stock valued at $381,994,000 after acquiring an additional 531,185 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Schwab U.S. TIPS ETF by 4.0% in the 3rd quarter. Sei Investments Co. now owns 11,824,350 shares of the company’s stock valued at $318,667,000 after acquiring an additional 458,736 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA SCHP opened at $26.86 on Wednesday. Schwab U.S. TIPS ETF has a 1-year low of $26.20 and a 1-year high of $27.19. The stock has a 50-day moving average of $26.74 and a 200-day moving average of $26.75.

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.