Cambridge Investment Research Advisors Inc. Cuts Stock Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Cambridge Investment Research Advisors Inc. cut its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 29.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 140,514 shares of the company’s stock after selling 60,038 shares during the quarter. Cambridge Investment Research Advisors Inc. owned approximately 0.07% of Schwab U.S. TIPS ETF worth $7,308,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. AlphaStar Capital Management LLC increased its position in shares of Schwab U.S. TIPS ETF by 8.9% during the 2nd quarter. AlphaStar Capital Management LLC now owns 83,526 shares of the company’s stock valued at $4,344,000 after purchasing an additional 6,857 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its holdings in Schwab U.S. TIPS ETF by 144.1% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 14,221 shares of the company’s stock worth $740,000 after buying an additional 8,396 shares during the period. Alpha Omega Wealth Management LLC grew its position in shares of Schwab U.S. TIPS ETF by 6.9% in the second quarter. Alpha Omega Wealth Management LLC now owns 70,718 shares of the company’s stock valued at $3,678,000 after purchasing an additional 4,556 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Schwab U.S. TIPS ETF by 26.8% during the second quarter. Bank of New York Mellon Corp now owns 1,111,810 shares of the company’s stock valued at $57,825,000 after buying an additional 235,255 shares during the period. Finally, Bristlecone Advisors LLC purchased a new stake in shares of Schwab U.S. TIPS ETF in the second quarter worth about $125,000.

Schwab U.S. TIPS ETF Stock Performance

Schwab U.S. TIPS ETF stock traded up $0.01 during midday trading on Wednesday, reaching $53.18. 50,653 shares of the stock were exchanged, compared to its average volume of 1,199,632. The company’s fifty day moving average is $52.42 and its 200-day moving average is $51.96. Schwab U.S. TIPS ETF has a 52 week low of $49.50 and a 52 week high of $53.28.

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.