Fund Evaluation Group LLC Has $37.66 Million Stock Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Fund Evaluation Group LLC cut its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 7.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 724,000 shares of the company’s stock after selling 59,165 shares during the quarter. Schwab U.S. TIPS ETF comprises 2.3% of Fund Evaluation Group LLC’s portfolio, making the stock its 8th biggest holding. Fund Evaluation Group LLC’s holdings in Schwab U.S. TIPS ETF were worth $37,655,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SCHP. Transcendent Capital Group LLC acquired a new position in shares of Schwab U.S. TIPS ETF in the 4th quarter valued at approximately $26,000. Mather Group LLC. acquired a new position in shares of Schwab U.S. TIPS ETF in the 1st quarter valued at approximately $27,000. Pathway Financial Advisers LLC acquired a new position in shares of Schwab U.S. TIPS ETF in the 1st quarter valued at approximately $33,000. LGT Financial Advisors LLC increased its position in Schwab U.S. TIPS ETF by 81.8% during the 2nd quarter. LGT Financial Advisors LLC now owns 680 shares of the company’s stock worth $35,000 after purchasing an additional 306 shares in the last quarter. Finally, Family Asset Management LLC acquired a new position in Schwab U.S. TIPS ETF during the 2nd quarter worth approximately $36,000.

Schwab U.S. TIPS ETF Price Performance

SCHP stock traded up $0.03 during trading on Friday, reaching $53.13. 905,093 shares of the company were exchanged, compared to its average volume of 1,233,323. The company has a 50-day moving average of $52.56 and a two-hundred day moving average of $52.04. Schwab U.S. TIPS ETF has a twelve month low of $49.50 and a twelve month high of $53.38.

Schwab U.S. TIPS ETF Company 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.