Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Shares Sold by Matrix Trust Co

Matrix Trust Co trimmed its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 541,875 shares of the company’s stock after selling 34,972 shares during the period. Schwab U.S. TIPS ETF comprises about 6.6% of Matrix Trust Co’s holdings, making the stock its 5th biggest position. Matrix Trust Co owned about 0.24% of Schwab U.S. TIPS ETF worth $28,286,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SCHP. Cerity Partners LLC increased its stake in shares of Schwab U.S. TIPS ETF by 327.1% during the 4th quarter. Cerity Partners LLC now owns 13,385,973 shares of the company’s stock worth $698,748,000 after purchasing an additional 10,251,581 shares in the last quarter. Empower Advisory Group LLC increased its stake in shares of Schwab U.S. TIPS ETF by 24.9% during the 3rd quarter. Empower Advisory Group LLC now owns 12,524,783 shares of the company’s stock worth $632,376,000 after purchasing an additional 2,499,508 shares in the last quarter. Korea Investment CORP purchased a new position in shares of Schwab U.S. TIPS ETF during the 3rd quarter worth approximately $29,284,000. JPMorgan Chase & Co. increased its stake in shares of Schwab U.S. TIPS ETF by 8.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,306,113 shares of the company’s stock worth $368,886,000 after purchasing an additional 566,822 shares in the last quarter. Finally, Financial Architects LLC purchased a new position in shares of Schwab U.S. TIPS ETF during the 4th quarter worth approximately $25,171,000.

Schwab U.S. TIPS ETF Trading Up 0.2 %

Shares of SCHP traded up $0.12 during mid-day trading on Friday, reaching $51.33. 1,513,180 shares of the company’s stock were exchanged, compared to its average volume of 1,242,660. The company has a 50-day simple moving average of $51.71 and a two-hundred day simple moving average of $51.47. Schwab U.S. TIPS ETF has a 52-week low of $49.50 and a 52-week high of $53.83.

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.