Gray Wealth Management Inc. Has $291,000 Stock Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Gray Wealth Management Inc. lowered its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 66.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,573 shares of the company’s stock after selling 11,190 shares during the period. Gray Wealth Management Inc.’s holdings in Schwab U.S. TIPS ETF were worth $291,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. West Family Investments Inc. bought a new stake in Schwab U.S. TIPS ETF during the 3rd quarter worth $8,894,000. Websterrogers Financial Advisors LLC grew its holdings in shares of Schwab U.S. TIPS ETF by 7.7% during the third quarter. Websterrogers Financial Advisors LLC now owns 21,608 shares of the company’s stock worth $1,091,000 after purchasing an additional 1,553 shares during the last quarter. Goodwin Investment Advisory acquired a new position in shares of Schwab U.S. TIPS ETF in the fourth quarter valued at approximately $5,211,000. Modera Wealth Management LLC increased its stake in shares of Schwab U.S. TIPS ETF by 0.5% in the third quarter. Modera Wealth Management LLC now owns 358,727 shares of the company’s stock valued at $18,112,000 after buying an additional 1,647 shares during the period. Finally, Hirtle Callaghan & Co LLC raised its holdings in Schwab U.S. TIPS ETF by 33.2% in the 3rd quarter. Hirtle Callaghan & Co LLC now owns 130,540 shares of the company’s stock valued at $6,591,000 after buying an additional 32,505 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Down 0.2 %

NYSEARCA:SCHP traded down $0.08 during mid-day trading on Thursday, hitting $51.24. 962,154 shares of the company’s stock were exchanged, compared to its average volume of 1,252,563. Schwab U.S. TIPS ETF has a fifty-two week low of $49.50 and a fifty-two week high of $53.92. The company has a 50 day simple moving average of $51.75 and a 200-day simple moving average of $51.41.

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.