Oder Investment Management LLC Has $591,000 Stock Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Oder Investment Management LLC lowered its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 18.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,324 shares of the company’s stock after selling 2,556 shares during the period. Oder Investment Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $591,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Jackson Creek Investment Advisors LLC boosted its position in Schwab U.S. TIPS ETF by 2.2% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 11,497 shares of the company’s stock valued at $600,000 after buying an additional 252 shares in the last quarter. Kestra Private Wealth Services LLC boosted its position in Schwab U.S. TIPS ETF by 55.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 94,922 shares of the company’s stock valued at $4,955,000 after buying an additional 33,939 shares in the last quarter. Eagle Ridge Investment Management acquired a new stake in Schwab U.S. TIPS ETF in the fourth quarter valued at approximately $11,603,000. Vantage Financial Partners LLC acquired a new stake in Schwab U.S. TIPS ETF in the fourth quarter valued at approximately $392,000. Finally, Silver Oak Securities Incorporated raised its stake in shares of Schwab U.S. TIPS ETF by 2,452.4% during the fourth quarter. Silver Oak Securities Incorporated now owns 35,581 shares of the company’s stock valued at $1,857,000 after acquiring an additional 34,187 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of SCHP stock traded down $0.03 during trading hours on Wednesday, hitting $50.99. 2,107,396 shares of the company’s stock traded hands, compared to its average volume of 1,248,160. The stock’s 50 day simple moving average is $51.70 and its 200 day simple moving average is $51.50. Schwab U.S. TIPS ETF has a 12 month low of $49.50 and a 12 month high of $53.83.

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.