Fifth Third Securities Inc. Sells 31,717 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Fifth Third Securities Inc. lessened its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 47.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 35,532 shares of the company’s stock after selling 31,717 shares during the period. Fifth Third Securities Inc.’s holdings in Schwab U.S. TIPS ETF were worth $1,853,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in SCHP. Transcendent Capital Group LLC bought a new stake in shares of Schwab U.S. TIPS ETF in the 4th quarter worth approximately $26,000. Mather Group LLC. acquired a new position in shares of Schwab U.S. TIPS ETF in the first quarter valued at $27,000. Crewe Advisors LLC lifted its position in Schwab U.S. TIPS ETF by 295.7% in the fourth quarter. Crewe Advisors LLC now owns 930 shares of the company’s stock worth $49,000 after purchasing an additional 695 shares during the period. Versant Capital Management Inc acquired a new stake in Schwab U.S. TIPS ETF during the first quarter worth $53,000. Finally, Financial Synergies Wealth Advisors Inc. acquired a new stake in Schwab U.S. TIPS ETF during the first quarter worth $60,000.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP stock opened at $51.58 on Tuesday. The firm has a fifty day moving average of $51.77 and a 200-day moving average of $51.83. Schwab U.S. TIPS ETF has a 52-week low of $49.50 and a 52-week high of $52.71.

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.