Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Stake Reduced by Pacific Capital Wealth Advisors Inc.

Pacific Capital Wealth Advisors Inc. trimmed its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 8.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 228,746 shares of the company’s stock after selling 19,945 shares during the period. Schwab U.S. TIPS ETF makes up about 3.0% of Pacific Capital Wealth Advisors Inc.’s holdings, making the stock its 8th biggest holding. Pacific Capital Wealth Advisors Inc.’s holdings in Schwab U.S. TIPS ETF were worth $11,941,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Asset Dedication LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 425.8% during the 3rd quarter. Asset Dedication LLC now owns 510 shares of the company’s stock valued at $25,000 after acquiring an additional 413 shares during the last quarter. Oliver Lagore Vanvalin Investment Group lifted its stake in shares of Schwab U.S. TIPS ETF by 3,229.4% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 566 shares of the company’s stock worth $29,000 after purchasing an additional 549 shares during the period. NBC Securities Inc. bought a new position in shares of Schwab U.S. TIPS ETF in the 3rd quarter worth approximately $31,000. Clearstead Advisors LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 432.9% in the 3rd quarter. Clearstead Advisors LLC now owns 1,231 shares of the company’s stock worth $62,000 after purchasing an additional 1,000 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of Schwab U.S. TIPS ETF in the 4th quarter worth approximately $78,000.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA:SCHP traded down $0.05 during trading on Wednesday, hitting $51.50. The company’s stock had a trading volume of 1,886,418 shares, compared to its average volume of 1,315,817. The company has a 50-day moving average of $51.69 and a 200-day moving average of $51.55. Schwab U.S. TIPS ETF has a 12 month low of $49.50 and a 12 month high of $53.59.

Schwab U.S. TIPS ETF Profile

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.