Beacon Capital Management LLC Trims Stock Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Beacon Capital Management LLC decreased its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 73.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,545 shares of the company’s stock after selling 4,377 shares during the period. Beacon Capital Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $42,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. BlueSky Wealth Advisors LLC lifted its position in Schwab U.S. TIPS ETF by 0.8% in the first quarter. BlueSky Wealth Advisors LLC now owns 1,334,872 shares of the company’s stock valued at $35,895,000 after acquiring an additional 10,600 shares during the last quarter. Accelerate Investment Advisors LLC increased its position in shares of Schwab U.S. TIPS ETF by 6.3% during the first quarter. Accelerate Investment Advisors LLC now owns 65,554 shares of the company’s stock worth $1,763,000 after purchasing an additional 3,908 shares in the last quarter. Seed Wealth Management Inc. lifted its holdings in shares of Schwab U.S. TIPS ETF by 13.0% in the 1st quarter. Seed Wealth Management Inc. now owns 193,755 shares of the company’s stock valued at $5,210,000 after purchasing an additional 22,335 shares during the last quarter. CENTRAL TRUST Co boosted its position in shares of Schwab U.S. TIPS ETF by 3.6% in the 1st quarter. CENTRAL TRUST Co now owns 6,085,455 shares of the company’s stock valued at $163,638,000 after purchasing an additional 213,267 shares during the period. Finally, Breakwater Investment Management grew its stake in Schwab U.S. TIPS ETF by 36.4% during the 1st quarter. Breakwater Investment Management now owns 76,633 shares of the company’s stock worth $2,061,000 after buying an additional 20,431 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Up 0.0%

SCHP opened at $26.44 on Thursday. Schwab U.S. TIPS ETF has a 52 week low of $25.68 and a 52 week high of $27.06. The business’s 50 day moving average is $26.41 and its two-hundred day moving average is $26.31.

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.