Savant Capital LLC Lowers Stock Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Savant Capital LLC cut its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 3.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 460,821 shares of the company’s stock after selling 16,770 shares during the quarter. Savant Capital LLC’s holdings in Schwab U.S. TIPS ETF were worth $23,967,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new stake in Schwab U.S. TIPS ETF during the fourth quarter worth $26,000. Mather Group LLC. purchased a new stake in Schwab U.S. TIPS ETF during the first quarter worth $27,000. Pathway Financial Advisers LLC acquired a new position in Schwab U.S. TIPS ETF during the first quarter worth $33,000. LGT Financial Advisors LLC raised its position in Schwab U.S. TIPS ETF by 81.8% during the second quarter. LGT Financial Advisors LLC now owns 680 shares of the company’s stock worth $35,000 after acquiring an additional 306 shares during the period. Finally, Family Asset Management LLC acquired a new position in Schwab U.S. TIPS ETF during the second quarter worth $36,000.

Schwab U.S. TIPS ETF Stock Performance

NYSEARCA:SCHP opened at $53.13 on Friday. The company has a fifty day moving average of $52.56 and a two-hundred day moving average of $52.04. Schwab U.S. TIPS ETF has a fifty-two week low of $49.50 and a fifty-two week high of $53.38.

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.