Cypress Financial Planning LLC Decreases Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Cypress Financial Planning LLC reduced its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 31.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 10,139 shares of the company’s stock after selling 4,675 shares during the quarter. Cypress Financial Planning LLC’s holdings in Schwab U.S. TIPS ETF were worth $529,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SCHP. BTS Asset Management Inc. raised its holdings in Schwab U.S. TIPS ETF by 1.6% in the first quarter. BTS Asset Management Inc. now owns 11,568 shares of the company’s stock valued at $702,000 after acquiring an additional 178 shares in the last quarter. Baltimore Washington Financial Advisors Inc. bought a new position in shares of Schwab U.S. TIPS ETF during the first quarter valued at approximately $567,000. Sequoia Financial Advisors LLC grew its position in shares of Schwab U.S. TIPS ETF by 0.6% during the first quarter. Sequoia Financial Advisors LLC now owns 35,577 shares of the company’s stock worth $1,907,000 after acquiring an additional 211 shares during the last quarter. Larson Financial Group LLC increased its position in Schwab U.S. TIPS ETF by 4.3% in the 1st quarter. Larson Financial Group LLC now owns 5,110 shares of the company’s stock valued at $274,000 after acquiring an additional 211 shares during the period. Finally, Salem Investment Counselors Inc. lifted its holdings in Schwab U.S. TIPS ETF by 53.6% in the fourth quarter. Salem Investment Counselors Inc. now owns 639 shares of the company’s stock worth $33,000 after purchasing an additional 223 shares during the period.

Schwab U.S. TIPS ETF Stock Up 0.0 %

Shares of SCHP traded up $0.02 during midday trading on Monday, reaching $51.20. The stock had a trading volume of 112,843 shares, compared to its average volume of 2,111,746. The firm’s 50 day moving average price is $51.67 and its 200-day moving average price is $52.47. Schwab U.S. TIPS ETF has a 52 week low of $50.92 and a 52 week high of $54.10.

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.