US Bancorp DE Cuts Stock Holdings in Schwab U.S. TIPS ETF $SCHP

US Bancorp DE trimmed its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 60.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,404,227 shares of the company’s stock after selling 9,861,452 shares during the period. US Bancorp DE’s holdings in Schwab U.S. TIPS ETF were worth $169,648,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. boosted its position in Schwab U.S. TIPS ETF by 4.5% during the third quarter. Assetmark Inc. now owns 2,045,996 shares of the company’s stock valued at $55,140,000 after buying an additional 88,125 shares during the period. Abbington Investment Group purchased a new stake in Schwab U.S. TIPS ETF during the third quarter valued at about $1,927,000. Altfest L J & Co. Inc. boosted its position in Schwab U.S. TIPS ETF by 2.5% during the third quarter. Altfest L J & Co. Inc. now owns 1,009,579 shares of the company’s stock valued at $27,208,000 after buying an additional 24,538 shares during the period. Cambridge Capital Management LLC boosted its position in Schwab U.S. TIPS ETF by 8.3% during the third quarter. Cambridge Capital Management LLC now owns 261,068 shares of the company’s stock valued at $7,036,000 after buying an additional 20,043 shares during the period. Finally, Clearstead Advisors LLC boosted its position in Schwab U.S. TIPS ETF by 34,125.7% during the third quarter. Clearstead Advisors LLC now owns 101,308 shares of the company’s stock valued at $2,730,000 after buying an additional 101,012 shares during the period.

Schwab U.S. TIPS ETF Trading Down 0.3%

Schwab U.S. TIPS ETF stock opened at $26.83 on Thursday. The firm has a 50-day moving average of $26.76 and a 200-day moving average of $26.75. Schwab U.S. TIPS ETF has a 1-year low of $26.20 and a 1-year 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.