Mengis Capital Management Inc. Trims Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Mengis Capital Management Inc. trimmed its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 29.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,568 shares of the company’s stock after selling 7,298 shares during the quarter. Mengis Capital Management Inc.’s holdings in Schwab U.S. TIPS ETF were worth $454,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in Schwab U.S. TIPS ETF during the 3rd quarter valued at approximately $483,000. Brookstone Capital Management grew its holdings in Schwab U.S. TIPS ETF by 161.2% during the 4th quarter. Brookstone Capital Management now owns 17,260 shares of the company’s stock valued at $446,000 after buying an additional 10,651 shares in the last quarter. Allworth Financial LP grew its holdings in Schwab U.S. TIPS ETF by 820.4% during the 4th quarter. Allworth Financial LP now owns 17,976 shares of the company’s stock valued at $466,000 after buying an additional 16,023 shares in the last quarter. Barrett & Company Inc. grew its holdings in shares of Schwab U.S. TIPS ETF by 100.0% in the fourth quarter. Barrett & Company Inc. now owns 14,702 shares of the company’s stock valued at $380,000 after purchasing an additional 7,351 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. grew its holdings in shares of Schwab U.S. TIPS ETF by 105.0% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 12,252 shares of the company’s stock valued at $316,000 after purchasing an additional 6,276 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

SCHP stock opened at $26.42 on Tuesday. The firm has a fifty day moving average price of $26.01 and a 200 day moving average price of $26.30. Schwab U.S. TIPS ETF has a fifty-two week low of $25.46 and a fifty-two week high of $26.96.

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.