Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Shares Sold by Avantax Planning Partners Inc.

Avantax Planning Partners Inc. lessened its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 4.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 151,551 shares of the company’s stock after selling 7,839 shares during the quarter. Avantax Planning Partners Inc.’s holdings in Schwab U.S. TIPS ETF were worth $4,075,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan purchased a new position in shares of Schwab U.S. TIPS ETF in the fourth quarter valued at $402,061,000. Sei Investments Co. boosted its position in Schwab U.S. TIPS ETF by 108.6% in the 4th quarter. Sei Investments Co. now owns 11,217,087 shares of the company’s stock valued at $289,734,000 after buying an additional 5,840,961 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of Schwab U.S. TIPS ETF by 103.8% during the fourth quarter. Voya Investment Management LLC now owns 10,955,163 shares of the company’s stock valued at $282,972,000 after acquiring an additional 5,579,336 shares in the last quarter. Cerity Partners LLC boosted its holdings in Schwab U.S. TIPS ETF by 104.1% in the fourth quarter. Cerity Partners LLC now owns 8,004,393 shares of the company’s stock valued at $206,753,000 after purchasing an additional 4,081,650 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in Schwab U.S. TIPS ETF by 109.6% during the 4th quarter. Alliancebernstein L.P. now owns 7,644,210 shares of the company’s stock valued at $197,450,000 after purchasing an additional 3,996,559 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

SCHP stock opened at $26.51 on Friday. The stock’s 50 day moving average is $26.45 and its two-hundred day moving average is $26.33. Schwab U.S. TIPS ETF has a 52-week low of $25.68 and a 52-week high of $27.06.

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.