Choreo LLC Cuts Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Choreo LLC cut its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 16.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,259 shares of the company’s stock after selling 7,681 shares during the quarter. Choreo LLC’s holdings in Schwab U.S. TIPS ETF were worth $2,102,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vantage Financial Partners LLC purchased a new position in shares of Schwab U.S. TIPS ETF in the 4th quarter valued at $392,000. Silver Oak Securities Incorporated grew its stake in Schwab U.S. TIPS ETF by 2,452.4% during the 4th quarter. Silver Oak Securities Incorporated now owns 35,581 shares of the company’s stock worth $1,857,000 after buying an additional 34,187 shares during the last quarter. Stonebrook Private Inc. purchased a new position in Schwab U.S. TIPS ETF during the 4th quarter worth $856,000. Headlands Technologies LLC purchased a new position in Schwab U.S. TIPS ETF during the 4th quarter worth $78,000. Finally, Citizens Financial Group Inc. RI purchased a new position in Schwab U.S. TIPS ETF during the 4th quarter worth $7,563,000.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP stock opened at $51.46 on Tuesday. Schwab U.S. TIPS ETF has a 1-year low of $49.50 and a 1-year high of $53.83. The stock’s fifty day moving average price is $51.71 and its 200 day moving average price is $51.49.

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.