Summit Financial LLC Trims Stock Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Summit Financial LLC trimmed its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 36.8% during the 4th quarter, Holdings Channel reports. The fund owned 18,853 shares of the company’s stock after selling 10,971 shares during the period. Summit Financial LLC’s holdings in Schwab U.S. TIPS ETF were worth $984,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jackson Creek Investment Advisors LLC lifted its stake in Schwab U.S. TIPS ETF by 2.2% during the 4th quarter. Jackson Creek Investment Advisors LLC now owns 11,497 shares of the company’s stock valued at $600,000 after acquiring an additional 252 shares during the period. Kestra Private Wealth Services LLC raised its position in shares of Schwab U.S. TIPS ETF by 55.7% during the 4th quarter. Kestra Private Wealth Services LLC now owns 94,922 shares of the company’s stock worth $4,955,000 after purchasing an additional 33,939 shares during the last quarter. Eagle Ridge Investment Management purchased a new position in shares of Schwab U.S. TIPS ETF in the fourth quarter valued at approximately $11,603,000. Vantage Financial Partners LLC acquired a new stake in Schwab U.S. TIPS ETF during the 4th quarter worth $392,000. Finally, Silver Oak Securities Incorporated boosted its position in Schwab U.S. TIPS ETF by 2,452.4% during the fourth quarter. Silver Oak Securities Incorporated now owns 35,581 shares of the company’s stock worth $1,857,000 after acquiring an additional 34,187 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA:SCHP traded up $0.03 during midday trading on Thursday, hitting $51.13. The company had a trading volume of 84,270 shares, compared to its average volume of 1,247,618. The business’s 50-day simple moving average is $51.69 and its 200-day simple moving average is $51.50. Schwab U.S. TIPS ETF has a twelve month low of $49.50 and a twelve month high of $53.83.

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.