Gray Wealth Management Inc. Sells 11,190 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Gray Wealth Management Inc. cut its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 66.8% in the 4th quarter, according to its most recent disclosure with the 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 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SCHP. West Family Investments Inc. purchased a new position in shares of Schwab U.S. TIPS ETF in the 3rd quarter worth about $8,894,000. Websterrogers Financial Advisors LLC lifted its position in Schwab U.S. TIPS ETF by 7.7% in the 3rd quarter. Websterrogers Financial Advisors LLC now owns 21,608 shares of the company’s stock worth $1,091,000 after buying an additional 1,553 shares during the last quarter. Goodwin Investment Advisory bought a new stake in Schwab U.S. TIPS ETF in the 4th quarter worth approximately $5,211,000. Modera Wealth Management LLC boosted its stake 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 buying an additional 1,647 shares in the last quarter. Finally, Hirtle Callaghan & Co LLC grew its position in Schwab U.S. TIPS ETF by 33.2% during the third quarter. Hirtle Callaghan & Co LLC now owns 130,540 shares of the company’s stock valued at $6,591,000 after acquiring an additional 32,505 shares during the last quarter.

Schwab U.S. TIPS ETF Trading Down 0.2 %

Shares of SCHP stock traded down $0.08 during trading hours 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 12-month low of $49.50 and a 12-month high of $53.92. The business’s 50 day simple moving average is $51.75 and its 200-day simple moving average is $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.