Silver Oak Securities Incorporated Reduces Stock Position in Schwab U.S. TIPS ETF $SCHP

Silver Oak Securities Incorporated trimmed its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 15.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,807 shares of the company’s stock after selling 19,032 shares during the period. Silver Oak Securities Incorporated’s holdings in Schwab U.S. TIPS ETF were worth $2,798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in SCHP. Wealthfront Advisers LLC raised its position in shares of Schwab U.S. TIPS ETF by 13.3% during the 2nd quarter. Wealthfront Advisers LLC now owns 31,970,077 shares of the company’s stock worth $852,962,000 after acquiring an additional 3,749,147 shares in the last quarter. Quadratic Capital Management LLC raised its holdings in Schwab U.S. TIPS ETF by 32.3% during the third quarter. Quadratic Capital Management LLC now owns 11,767,045 shares of the company’s stock worth $317,122,000 after purchasing an additional 2,870,303 shares in the last quarter. Empower Advisory Group LLC lifted its position in shares of Schwab U.S. TIPS ETF by 4.9% during the 2nd quarter. Empower Advisory Group LLC now owns 42,677,764 shares of the company’s stock worth $1,138,643,000 after buying an additional 2,007,959 shares during the last quarter. Diversified Enterprises LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 7,001.5% in the 3rd quarter. Diversified Enterprises LLC now owns 1,561,546 shares of the company’s stock valued at $42,084,000 after buying an additional 1,539,557 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC purchased a new position in shares of Schwab U.S. TIPS ETF in the 2nd quarter valued at $28,606,000.

Schwab U.S. TIPS ETF Stock Down 0.2%

Schwab U.S. TIPS ETF stock opened at $26.49 on Friday. The stock has a 50 day moving average of $26.76 and a two-hundred day moving average of $26.77. Schwab U.S. TIPS ETF has a twelve month low of $25.68 and a twelve month high of $27.19.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein upgraded shares of Schwab U.S. TIPS ETF to a “hold” rating in a research note on Friday, December 5th.

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.