Corrado Advisors LLC Trims Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Corrado Advisors LLC cut its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 3.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,258 shares of the company’s stock after selling 1,406 shares during the quarter. Schwab U.S. TIPS ETF accounts for about 1.6% of Corrado Advisors LLC’s portfolio, making the stock its 27th largest holding. Corrado Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $1,997,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC grew its stake in shares of Schwab U.S. TIPS ETF by 327.1% during the 4th quarter. Cerity Partners LLC now owns 13,385,973 shares of the company’s stock worth $698,748,000 after purchasing an additional 10,251,581 shares during the period. Empower Advisory Group LLC grew its stake in shares of Schwab U.S. TIPS ETF by 24.9% during the 3rd quarter. Empower Advisory Group LLC now owns 12,524,783 shares of the company’s stock worth $632,376,000 after purchasing an additional 2,499,508 shares during the period. Korea Investment CORP acquired a new stake in shares of Schwab U.S. TIPS ETF during the 3rd quarter worth approximately $29,284,000. JPMorgan Chase & Co. grew its stake in shares of 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 purchasing an additional 566,822 shares during the period. Finally, Financial Architects LLC acquired a new stake in shares of Schwab U.S. TIPS ETF during the 4th quarter worth approximately $25,171,000.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA SCHP traded up $0.11 during midday trading on Tuesday, reaching $51.38. 1,098,855 shares of the stock were exchanged, compared to its average volume of 1,240,770. The firm has a 50-day simple moving average of $51.73 and a two-hundred day simple moving average of $51.45. Schwab U.S. TIPS ETF has a twelve month low of $49.50 and a twelve month high of $53.92.

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.