Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Position Trimmed by Summit Global Investments

Summit Global Investments decreased its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,034 shares of the company’s stock after selling 279 shares during the period. Summit Global Investments’ holdings in Schwab U.S. TIPS ETF were worth $419,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SCHP. Charles Schwab Investment Advisory Inc. lifted its position in Schwab U.S. TIPS ETF by 1.9% in the 3rd quarter. Charles Schwab Investment Advisory Inc. now owns 17,277,796 shares of the company’s stock worth $872,356,000 after buying an additional 314,855 shares in the last quarter. Quadratic Capital Management LLC boosted its position in Schwab U.S. TIPS ETF by 1.1% during the fourth quarter. Quadratic Capital Management LLC now owns 14,432,753 shares of the company’s stock valued at $753,390,000 after purchasing an additional 153,669 shares during the last quarter. Cerity Partners LLC grew its stake in Schwab U.S. TIPS ETF by 327.1% in the fourth quarter. Cerity Partners LLC now owns 13,385,973 shares of the company’s stock valued at $698,748,000 after purchasing an additional 10,251,581 shares in the last quarter. Empower Advisory Group LLC grew its stake in Schwab U.S. TIPS ETF by 24.9% in the third quarter. Empower Advisory Group LLC now owns 12,524,783 shares of the company’s stock valued at $632,376,000 after purchasing an additional 2,499,508 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Schwab U.S. TIPS ETF by 8.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,306,113 shares of the company’s stock worth $368,886,000 after purchasing an additional 566,822 shares during the last quarter.

Schwab U.S. TIPS ETF Trading Up 0.4 %

Shares of Schwab U.S. TIPS ETF stock opened at $51.51 on Monday. The stock has a 50-day simple moving average of $51.69 and a 200-day simple moving average of $51.52. Schwab U.S. TIPS ETF has a 52-week low of $49.50 and a 52-week high of $53.83.

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.