Worth Asset Management LLC Reduces Stake in Schwab U.S. TIPS ETF $SCHP

Worth Asset Management LLC lessened its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 54.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,359 shares of the company’s stock after selling 11,095 shares during the quarter. Worth Asset Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $250,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SCHP. NBC Securities Inc. grew its stake in shares of Schwab U.S. TIPS ETF by 115,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,160 shares of the company’s stock valued at $31,000 after purchasing an additional 1,159 shares during the period. Mogy Joel R Investment Counsel Inc. purchased a new position in Schwab U.S. TIPS ETF during the second quarter valued at $32,000. Abound Wealth Management bought a new position in shares of Schwab U.S. TIPS ETF during the 1st quarter valued at approximately $36,000. Center for Financial Planning Inc. bought a new position in shares of Schwab U.S. TIPS ETF in the first quarter worth approximately $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Schwab U.S. TIPS ETF in the first quarter worth $41,000.

Schwab U.S. TIPS ETF Stock Performance

SCHP opened at $27.02 on Friday. The firm’s fifty day moving average is $26.77 and its 200 day moving average is $26.59. Schwab U.S. TIPS ETF has a fifty-two week low of $25.68 and a fifty-two week high of $27.19.

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.