Truist Financial Corp Trims Stake in Schwab U.S. TIPs ETF (NYSEARCA:SCHP)

Truist Financial Corp lowered its holdings in Schwab U.S. TIPs ETF (NYSEARCA:SCHP) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,211 shares of the company’s stock after selling 10,971 shares during the quarter. Truist Financial Corp’s holdings in Schwab U.S. TIPs ETF were worth $6,656,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Quadratic Capital Management LLC purchased a new stake in shares of Schwab U.S. TIPs ETF in the 4th quarter valued at $835,993,000. M&T Bank Corp purchased a new stake in shares of Schwab U.S. TIPs ETF in the 4th quarter valued at $48,822,000. NextCapital Advisers Inc. raised its holdings in shares of Schwab U.S. TIPs ETF by 55.6% in the 4th quarter. NextCapital Advisers Inc. now owns 2,189,429 shares of the company’s stock valued at $135,525,000 after buying an additional 782,186 shares during the period. NinePointTwo Capital purchased a new stake in shares of Schwab U.S. TIPs ETF in the 4th quarter valued at $42,126,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Schwab U.S. TIPs ETF by 72.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,395,287 shares of the company’s stock worth $86,620,000 after purchasing an additional 584,686 shares during the period.

Shares of NYSEARCA SCHP opened at $61.13 on Thursday. The stock’s 50-day moving average is $61.16 and its two-hundred day moving average is $61.52. Schwab U.S. TIPs ETF has a 1-year low of $58.30 and a 1-year high of $62.39.

Recommended Story: History of the Euro STOXX 50 Index

Want to see what other hedge funds are holding SCHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab U.S. TIPs ETF (NYSEARCA:SCHP).