Harbour Investments Inc. Cuts Stock Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Harbour Investments Inc. lowered its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,098 shares of the company’s stock after selling 1,034 shares during the quarter. Harbour Investments Inc. owned 0.06% of Schwab U.S. TIPS ETF worth $6,766,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Transcendent Capital Group LLC bought a new stake in shares of Schwab U.S. TIPS ETF in the 4th quarter worth $26,000. Mather Group LLC. bought a new stake in Schwab U.S. TIPS ETF in the 1st quarter worth about $27,000. Pathway Financial Advisers LLC purchased a new stake in Schwab U.S. TIPS ETF in the 1st quarter valued at about $33,000. Triad Wealth Partners LLC bought a new position in shares of Schwab U.S. TIPS ETF during the 2nd quarter worth approximately $44,000. Finally, Crewe Advisors LLC lifted its position in shares of Schwab U.S. TIPS ETF by 295.7% during the 4th quarter. Crewe Advisors LLC now owns 930 shares of the company’s stock worth $49,000 after buying an additional 695 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP stock traded down $0.01 during trading on Tuesday, hitting $53.17. The company’s stock had a trading volume of 454,643 shares, compared to its average volume of 1,206,596. The business has a fifty day moving average of $52.42 and a 200-day moving average of $51.96. Schwab U.S. TIPS ETF has a 52 week low of $49.50 and a 52 week high of $53.28.

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.