WASHINGTON TRUST Co Decreases Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

WASHINGTON TRUST Co reduced its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 94,464 shares of the company’s stock after selling 795 shares during the period. WASHINGTON TRUST Co’s holdings in Schwab U.S. TIPS ETF were worth $4,931,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Grey Fox Wealth Advisors LLC increased its position in Schwab U.S. TIPS ETF by 11.3% during the fourth quarter. Grey Fox Wealth Advisors LLC now owns 49,882 shares of the company’s stock valued at $2,604,000 after acquiring an additional 5,063 shares during the last quarter. Patriot Investment Management Group Inc. increased its holdings in Schwab U.S. TIPS ETF by 17.8% during the fourth quarter. Patriot Investment Management Group Inc. now owns 22,311 shares of the company’s stock valued at $1,165,000 after buying an additional 3,364 shares during the last quarter. Bridge Advisory LLC bought a new stake in shares of Schwab U.S. TIPS ETF during the 4th quarter valued at $971,000. Myecfo LLC grew its position in shares of Schwab U.S. TIPS ETF by 5.3% during the 4th quarter. Myecfo LLC now owns 19,031 shares of the company’s stock valued at $993,000 after acquiring an additional 956 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Schwab U.S. TIPS ETF by 25.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 245,996 shares of the company’s stock worth $12,841,000 after purchasing an additional 49,458 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

NYSEARCA SCHP remained flat at $52.16 on Thursday. The company had a trading volume of 565,660 shares, compared to its average volume of 1,246,721. The business has a 50-day simple moving average of $51.84 and a 200 day simple moving average of $51.33. Schwab U.S. TIPS ETF has a 12 month low of $49.50 and a 12 month high of $54.10.

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.