PNC Financial Services Group Inc. Sells 20,355 Shares of Schwab U.S. TIPS ETF $SCHP

PNC Financial Services Group Inc. reduced its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 10.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 167,418 shares of the company’s stock after selling 20,355 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Schwab U.S. TIPS ETF were worth $4,455,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SCHP. Lincoln National Corp lifted its holdings in Schwab U.S. TIPS ETF by 180.0% during the 1st quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock valued at $237,038,000 after buying an additional 5,726,082 shares in the last quarter. Beacon Pointe Advisors LLC boosted its position in Schwab U.S. TIPS ETF by 839.0% in the 4th quarter. Beacon Pointe Advisors LLC now owns 3,546,615 shares of the company’s stock valued at $93,950,000 after buying an additional 3,168,924 shares during the period. Nepc LLC grew its stake in Schwab U.S. TIPS ETF by 64.9% in the 4th quarter. Nepc LLC now owns 7,572,111 shares of the company’s stock worth $200,585,000 after acquiring an additional 2,980,022 shares in the last quarter. Valpey Financial Services LLC grew its stake in Schwab U.S. TIPS ETF by 2,722.6% in the 4th quarter. Valpey Financial Services LLC now owns 1,970,938 shares of the company’s stock worth $52,210,000 after acquiring an additional 1,901,111 shares in the last quarter. Finally, Arax Advisory Partners purchased a new position in shares of Schwab U.S. TIPS ETF during the fourth quarter worth approximately $45,636,000.

Schwab U.S. TIPS ETF Stock Down 0.2%

Shares of NYSEARCA:SCHP opened at $26.05 on Tuesday. The firm’s 50 day simple moving average is $26.42 and its 200-day simple moving average is $26.62. Schwab U.S. TIPS ETF has a one year low of $26.04 and a one year 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.