Virtue Capital Management LLC Trims Position in Schwab U.S. TIPS ETF $SCHP

Virtue Capital Management LLC reduced its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 18.9% during the third quarter, Holdings Channel.com reports. The fund owned 130,012 shares of the company’s stock after selling 30,397 shares during the quarter. Virtue Capital Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $3,504,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. ORG Partners LLC increased its position in Schwab U.S. TIPS ETF by 2.0% during the 3rd quarter. ORG Partners LLC now owns 19,090 shares of the company’s stock valued at $515,000 after purchasing an additional 377 shares during the period. Glass Jacobson Investment Advisors llc raised its stake in Schwab U.S. TIPS ETF by 35.3% in the third quarter. Glass Jacobson Investment Advisors llc now owns 1,469 shares of the company’s stock worth $40,000 after buying an additional 383 shares in the last quarter. Financial Freedom LLC lifted its holdings in Schwab U.S. TIPS ETF by 0.5% during the second quarter. Financial Freedom LLC now owns 79,080 shares of the company’s stock worth $2,110,000 after buying an additional 405 shares during the period. Sequoia Financial Advisors LLC boosted its position in Schwab U.S. TIPS ETF by 4.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 9,541 shares of the company’s stock valued at $257,000 after acquiring an additional 423 shares in the last quarter. Finally, Cape Investment Advisory Inc. increased its holdings in shares of Schwab U.S. TIPS ETF by 28.8% in the 2nd quarter. Cape Investment Advisory Inc. now owns 1,944 shares of the company’s stock valued at $52,000 after acquiring an additional 435 shares during the period.

Schwab U.S. TIPS ETF Trading Up 0.2%

NYSEARCA:SCHP traded up $0.06 during trading hours on Friday, reaching $26.58. The company had a trading volume of 3,152,921 shares, compared to its average volume of 6,341,062. Schwab U.S. TIPS ETF has a 1-year low of $25.83 and a 1-year high of $27.19. The business’s 50 day moving average price is $26.64 and its 200-day moving average price is $26.77.

Analysts Set New Price Targets

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

Schwab U.S. TIPS ETF Company Profile

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.