Fulton Breakefield Broenniman LLC Has $2.21 Million Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Fulton Breakefield Broenniman LLC cut its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 9.5% during the 4th quarter, Holdings Channel reports. The firm owned 42,387 shares of the company’s stock after selling 4,436 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Schwab U.S. TIPS ETF were worth $2,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of SCHP. Friedenthal Financial lifted its holdings in Schwab U.S. TIPS ETF by 0.8% during the 4th quarter. Friedenthal Financial now owns 25,747 shares of the company’s stock valued at $1,344,000 after purchasing an additional 193 shares during the last quarter. Mayflower Financial Advisors LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 1.6% during the 4th quarter. Mayflower Financial Advisors LLC now owns 17,251 shares of the company’s stock worth $901,000 after buying an additional 270 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of Schwab U.S. TIPS ETF by 0.9% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 32,544 shares of the company’s stock worth $1,643,000 after buying an additional 302 shares during the period. Security Financial Services INC. boosted its holdings in shares of Schwab U.S. TIPS ETF by 1.5% during the 4th quarter. Security Financial Services INC. now owns 20,258 shares of the company’s stock worth $1,057,000 after buying an additional 303 shares during the period. Finally, Sound Stewardship LLC grew its stake in Schwab U.S. TIPS ETF by 6.4% in the 3rd quarter. Sound Stewardship LLC now owns 5,655 shares of the company’s stock valued at $285,000 after buying an additional 342 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP stock opened at $51.33 on Friday. Schwab U.S. TIPS ETF has a 12-month low of $49.50 and a 12-month high of $53.83. The firm has a 50 day moving average price of $51.71 and a two-hundred day moving average price of $51.48.

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.