Annapolis Financial Services LLC Sells 28,846 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Annapolis Financial Services LLC reduced its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 14.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,910 shares of the company’s stock after selling 28,846 shares during the period. Schwab U.S. TIPS ETF makes up approximately 3.0% of Annapolis Financial Services LLC’s holdings, making the stock its 9th largest holding. Annapolis Financial Services LLC owned approximately 0.08% of Schwab U.S. TIPS ETF worth $9,228,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of SCHP. Cerity Partners LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 327.1% in the 4th quarter. Cerity Partners LLC now owns 13,385,973 shares of the company’s stock valued at $698,748,000 after purchasing an additional 10,251,581 shares in the last quarter. Perella Weinberg Partners Capital Management LP acquired a new position in Schwab U.S. TIPS ETF during the 4th quarter worth approximately $103,053,000. Nepc LLC acquired a new position in Schwab U.S. TIPS ETF during the 4th quarter worth approximately $78,399,000. UBS Group AG lifted its position in Schwab U.S. TIPS ETF by 92.8% during the 4th quarter. UBS Group AG now owns 1,743,378 shares of the company’s stock worth $91,004,000 after acquiring an additional 838,923 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Schwab U.S. TIPS ETF by 8.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,306,113 shares of the company’s stock worth $368,886,000 after acquiring an additional 566,822 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Schwab U.S. TIPS ETF stock traded down $0.18 during midday trading on Friday, hitting $52.01. 759,016 shares of the company were exchanged, compared to its average volume of 1,285,393. The company’s fifty day moving average price is $51.76 and its 200-day moving average price is $51.84. Schwab U.S. TIPS ETF has a fifty-two week low of $49.50 and a fifty-two week high of $52.71.

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.