Matrix Trust Co Sells 66,382 Shares of Schwab U.S. TIPS ETF $SCHP

Matrix Trust Co cut its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 4.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,303,643 shares of the company’s stock after selling 66,382 shares during the period. Schwab U.S. TIPS ETF comprises approximately 5.0% of Matrix Trust Co’s investment portfolio, making the stock its 6th biggest holding. Matrix Trust Co owned approximately 0.21% of Schwab U.S. TIPS ETF worth $34,547,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. BlueSky Wealth Advisors LLC raised its position in Schwab U.S. TIPS ETF by 8.1% during the fourth quarter. BlueSky Wealth Advisors LLC now owns 1,499,610 shares of the company’s stock valued at $39,725,000 after acquiring an additional 112,608 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Schwab U.S. TIPS ETF by 606.7% in the 4th quarter. Farther Finance Advisors LLC now owns 190,389 shares of the company’s stock worth $5,043,000 after purchasing an additional 163,447 shares in the last quarter. Decker Retirement Planning Inc. boosted its position in Schwab U.S. TIPS ETF by 17.3% in the 1st quarter. Decker Retirement Planning Inc. now owns 143,728 shares of the company’s stock worth $3,825,000 after purchasing an additional 21,239 shares in the last quarter. Peak Financial Management Inc. boosted its position in Schwab U.S. TIPS ETF by 5.9% in the 1st quarter. Peak Financial Management Inc. now owns 351,526 shares of the company’s stock worth $9,354,000 after purchasing an additional 19,702 shares in the last quarter. Finally, Riverpoint Wealth Management Holdings LLC grew its stake in shares of Schwab U.S. TIPS ETF by 19.0% during the 4th quarter. Riverpoint Wealth Management Holdings LLC now owns 241,406 shares of the company’s stock worth $6,395,000 after purchasing an additional 38,564 shares during the period.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA:SCHP opened at $25.96 on Monday. The company has a 50 day moving average price of $26.30 and a 200-day moving average price of $26.58. Schwab U.S. TIPS ETF has a 1-year low of $25.87 and a 1-year high of $27.19.

Schwab U.S. TIPS ETF 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.