Washburn Capital Management Inc. Sells 653 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Washburn Capital Management Inc. reduced its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHPGet Rating) by 2.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 25,921 shares of the company’s stock after selling 653 shares during the quarter. Schwab U.S. TIPS ETF accounts for approximately 1.2% of Washburn Capital Management Inc.’s portfolio, making the stock its 16th largest holding. Washburn Capital Management Inc.’s holdings in Schwab U.S. TIPS ETF were worth $1,446,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baltimore Washington Financial Advisors Inc. purchased a new position in shares of Schwab U.S. TIPS ETF in the 1st quarter worth about $567,000. Carolinas Wealth Consulting LLC purchased a new stake in Schwab U.S. TIPS ETF during the fourth quarter valued at about $35,000. Lansing Street Advisors purchased a new stake in Schwab U.S. TIPS ETF during the first quarter valued at about $34,000. Independence Bank of Kentucky purchased a new stake in Schwab U.S. TIPS ETF during the first quarter valued at about $36,000. Finally, PrairieView Partners LLC purchased a new stake in Schwab U.S. TIPS ETF during the first quarter valued at about $41,000.

Schwab U.S. TIPS ETF Trading Down 0.4 %

Shares of SCHP traded down $0.20 during midday trading on Friday, hitting $53.13. 213,351 shares of the company traded hands, compared to its average volume of 4,525,665. The stock has a 50-day moving average of $55.94 and a 200-day moving average of $57.62. Schwab U.S. TIPS ETF has a one year low of $53.26 and a one year high of $64.15.

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Institutional Ownership by Quarter for Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

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