Fi3 FINANCIAL ADVISORS LLC Reduces Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Fi3 FINANCIAL ADVISORS LLC lowered its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 31.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 104,344 shares of the company’s stock after selling 47,909 shares during the period. Schwab U.S. TIPS ETF makes up approximately 2.6% of Fi3 FINANCIAL ADVISORS LLC’s portfolio, making the stock its 9th biggest holding. Fi3 FINANCIAL ADVISORS LLC’s holdings in Schwab U.S. TIPS ETF were worth $5,447,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. West Family Investments Inc. bought a new position in shares of Schwab U.S. TIPS ETF during the third quarter valued at about $8,894,000. Websterrogers Financial Advisors LLC lifted its holdings in 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 acquiring an additional 1,553 shares during the period. Goodwin Investment Advisory bought a new stake in Schwab U.S. TIPS ETF during the fourth quarter worth $5,211,000. Modera Wealth Management LLC boosted its position in 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 worth $18,112,000 after purchasing an additional 1,647 shares during the last quarter. Finally, Hirtle Callaghan & Co LLC grew its stake 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 purchasing an additional 32,505 shares during the period.

Schwab U.S. TIPS ETF Trading Up 0.4 %

Shares of NYSEARCA SCHP traded up $0.23 during mid-day trading on Friday, reaching $51.51. 1,214,773 shares of the company’s stock were exchanged, compared to its average volume of 1,255,425. The firm has a 50-day moving average price of $51.69 and a two-hundred day moving average price of $51.51. 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.