NewEdge Advisors LLC Sells 9,072 Shares of Schwab U.S. TIPS ETF $SCHP

NewEdge Advisors LLC cut its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 9.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,804 shares of the company’s stock after selling 9,072 shares during the period. NewEdge Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $2,307,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. NBC Securities Inc. raised its position in shares of Schwab U.S. TIPS ETF by 115,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,160 shares of the company’s stock worth $31,000 after acquiring an additional 1,159 shares in the last quarter. Abound Wealth Management bought a new position in shares of Schwab U.S. TIPS ETF in the 1st quarter worth about $36,000. Center for Financial Planning Inc. bought a new position in shares of Schwab U.S. TIPS ETF in the 1st quarter worth about $38,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Schwab U.S. TIPS ETF in the 1st quarter worth about $41,000. Finally, Calton & Associates Inc. bought a new stake in Schwab U.S. TIPS ETF in the 1st quarter valued at about $58,000.

Schwab U.S. TIPS ETF Stock Up 0.2%

Shares of Schwab U.S. TIPS ETF stock opened at $27.09 on Friday. Schwab U.S. TIPS ETF has a one year low of $25.68 and a one year high of $27.11. The business has a 50-day simple moving average of $26.71 and a 200 day simple moving average of $26.57.

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.