Summit Trail Advisors LLC Has $3.94 Million Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Summit Trail Advisors LLC decreased its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 52.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,771 shares of the company’s stock after selling 84,949 shares during the period. Summit Trail Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $3,941,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Vantage Financial Partners LLC bought a new position in Schwab U.S. TIPS ETF during the fourth quarter valued at about $392,000. Janney Montgomery Scott LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 5.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 25,868 shares of the company’s stock worth $1,350,000 after buying an additional 1,303 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Schwab U.S. TIPS ETF by 20.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,453 shares of the company’s stock valued at $285,000 after buying an additional 909 shares during the last quarter. Avantax Planning Partners Inc. raised its holdings in Schwab U.S. TIPS ETF by 2.6% in the 4th quarter. Avantax Planning Partners Inc. now owns 38,737 shares of the company’s stock worth $2,022,000 after acquiring an additional 976 shares during the period. Finally, HCR Wealth Advisors lifted its position in Schwab U.S. TIPS ETF by 41.6% during the 4th quarter. HCR Wealth Advisors now owns 118,055 shares of the company’s stock worth $6,162,000 after acquiring an additional 34,689 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of Schwab U.S. TIPS ETF stock opened at $53.65 on Friday. Schwab U.S. TIPS ETF has a 1 year low of $49.50 and a 1 year high of $53.90. The company’s fifty day simple moving average is $52.86 and its 200-day simple moving average is $52.17.

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.