MBE Wealth Management LLC Reduces Position in Schwab U.S. TIPS ETF $SCHP

MBE Wealth Management LLC trimmed its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 7.1% in the first quarter, HoldingsChannel.com reports. The firm owned 287,637 shares of the company’s stock after selling 22,024 shares during the quarter. Schwab U.S. TIPS ETF comprises approximately 3.2% of MBE Wealth Management LLC’s investment portfolio, making the stock its 8th biggest holding. MBE Wealth Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $7,654,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Beacon Pointe Advisors LLC increased its position in shares of Schwab U.S. TIPS ETF by 839.0% during the 4th quarter. Beacon Pointe Advisors LLC now owns 3,546,615 shares of the company’s stock valued at $93,950,000 after purchasing an additional 3,168,924 shares during the period. Nepc LLC lifted its holdings in shares of Schwab U.S. TIPS ETF by 64.9% in the fourth quarter. Nepc LLC now owns 7,572,111 shares of the company’s stock valued at $200,585,000 after buying an additional 2,980,022 shares during the period. Quadratic Capital Management LLC boosted its stake in Schwab U.S. TIPS ETF by 23.2% during the fourth quarter. Quadratic Capital Management LLC now owns 14,499,201 shares of the company’s stock valued at $384,084,000 after buying an additional 2,732,156 shares in the last quarter. Valpey Financial Services LLC boosted its stake in Schwab U.S. TIPS ETF by 2,722.6% during the fourth quarter. Valpey Financial Services LLC now owns 1,970,938 shares of the company’s stock valued at $52,210,000 after buying an additional 1,901,111 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in Schwab U.S. TIPS ETF by 591.2% during the third quarter. Mercer Global Advisors Inc. ADV now owns 2,198,822 shares of the company’s stock worth $59,258,000 after acquiring an additional 1,880,726 shares during the period.

Schwab U.S. TIPS ETF Stock Up 0.2%

NYSEARCA:SCHP opened at $26.57 on Friday. The business’s 50-day moving average price is $26.67 and its 200 day moving average price is $26.67. Schwab U.S. TIPS ETF has a 52-week low of $26.37 and a 52-week high of $27.19.

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.