Tortoise Investment Management LLC Sells 16,626 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Tortoise Investment Management LLC reduced its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 15.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 93,320 shares of the company’s stock after selling 16,626 shares during the quarter. Tortoise Investment Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $4,871,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SCHP. Oliver Lagore Vanvalin Investment Group increased its holdings in Schwab U.S. TIPS ETF by 3,229.4% in the third quarter. Oliver Lagore Vanvalin Investment Group now owns 566 shares of the company’s stock worth $29,000 after purchasing an additional 549 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 29.5% during the third quarter. Kestra Advisory Services LLC now owns 37,160 shares of the company’s stock valued at $1,876,000 after acquiring an additional 8,462 shares in the last quarter. Korea Investment CORP bought a new stake in shares of Schwab U.S. TIPS ETF during the third quarter valued at approximately $29,284,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Schwab U.S. TIPS ETF during the third quarter valued at approximately $725,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Schwab U.S. TIPS ETF by 20.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,154,965 shares of the company’s stock valued at $58,314,000 after acquiring an additional 195,583 shares in the last quarter.

Schwab U.S. TIPS ETF Trading Up 0.1 %

Shares of NYSEARCA SCHP traded up $0.05 during midday trading on Friday, hitting $52.06. 663,006 shares of the stock traded hands, compared to its average volume of 1,229,236. Schwab U.S. TIPS ETF has a one year low of $49.50 and a one year high of $52.72. The business has a 50 day moving average price of $51.62 and a two-hundred day moving average price of $51.78.

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.