OneAscent Financial Services LLC Lowers Position in Schwab U.S. TIPS ETF $SCHP

OneAscent Financial Services LLC trimmed its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 29.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,035 shares of the company’s stock after selling 46,874 shares during the quarter. OneAscent Financial Services LLC’s holdings in Schwab U.S. TIPS ETF were worth $2,992,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. RHS Financial LLC raised its position in Schwab U.S. TIPS ETF by 25.8% in the third quarter. RHS Financial LLC now owns 125,359 shares of the company’s stock worth $3,378,000 after acquiring an additional 25,706 shares in the last quarter. Greenspring Advisors LLC purchased a new stake in shares of Schwab U.S. TIPS ETF during the 3rd quarter worth $1,669,000. Upper Left Wealth Management LLC grew its stake in shares of Schwab U.S. TIPS ETF by 2.7% during the 3rd quarter. Upper Left Wealth Management LLC now owns 145,315 shares of the company’s stock worth $3,916,000 after purchasing an additional 3,840 shares during the period. WT Wealth Management increased its holdings in shares of Schwab U.S. TIPS ETF by 5.5% in the 3rd quarter. WT Wealth Management now owns 18,794 shares of the company’s stock valued at $506,000 after purchasing an additional 988 shares in the last quarter. Finally, Alpha Omega Wealth Management LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 11.4% in the 3rd quarter. Alpha Omega Wealth Management LLC now owns 228,805 shares of the company’s stock valued at $6,166,000 after purchasing an additional 23,405 shares in the last quarter.

Analyst Ratings Changes

Separately, Sanford C. Bernstein upgraded shares of Schwab U.S. TIPS ETF to a “hold” rating in a research report on Friday, December 5th.

Schwab U.S. TIPS ETF Trading Up 0.3%

Shares of SCHP opened at $26.55 on Tuesday. Schwab U.S. TIPS ETF has a fifty-two week low of $25.68 and a fifty-two week high of $27.19. The stock has a fifty day moving average of $26.74 and a two-hundred day moving average of $26.77.

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.