VCI Wealth Management LLC reduced its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 6.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 365,313 shares of the company’s stock after selling 23,596 shares during the period. Schwab U.S. TIPS ETF comprises approximately 2.2% of VCI Wealth Management LLC’s holdings, making the stock its 12th largest position. VCI Wealth Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $9,180,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Keeler Thomas Management LLC acquired a new position in Schwab U.S. TIPS ETF during the 3rd quarter worth approximately $668,000. Pinkerton Wealth LLC purchased a new position in shares of Schwab U.S. TIPS ETF during the 3rd quarter worth approximately $928,000. Greenleaf Trust acquired a new stake in shares of Schwab U.S. TIPS ETF in the 3rd quarter valued at approximately $302,000. Leonard Rickey Investment Advisors P.L.L.C. lifted its holdings in shares of Schwab U.S. TIPS ETF by 7.2% in the 3rd quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 10,551 shares of the company’s stock valued at $265,000 after buying an additional 711 shares during the period. Finally, Aviance Capital Partners LLC acquired a new stake in shares of Schwab U.S. TIPS ETF in the 3rd quarter valued at approximately $5,160,000.
Schwab U.S. TIPS ETF Trading Down 0.5%
NYSEARCA:SCHP opened at $25.62 on Tuesday. The stock has a fifty day moving average price of $25.52 and a two-hundred day moving average price of $26.29. Schwab U.S. TIPS ETF has a 1 year low of $25.01 and a 1 year high of $26.99.
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.
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Want to see what other hedge funds are holding SCHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report).
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