Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Shares Sold by Pacific Capital Wealth Advisors Inc.

Pacific Capital Wealth Advisors Inc. trimmed its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 8.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,746 shares of the company’s stock after selling 19,945 shares during the quarter. Schwab U.S. TIPS ETF makes up about 3.0% of Pacific Capital Wealth Advisors Inc.’s portfolio, making the stock its 8th largest holding. Pacific Capital Wealth Advisors Inc. owned about 0.10% of Schwab U.S. TIPS ETF worth $11,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC increased its position in 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 acquiring an additional 10,251,581 shares during the period. Empower Advisory Group LLC increased its position in shares of Schwab U.S. TIPS ETF by 24.9% during the third quarter. Empower Advisory Group LLC now owns 12,524,783 shares of the company’s stock worth $632,376,000 after buying 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 third quarter worth $29,284,000. JPMorgan Chase & Co. increased its position in shares of Schwab U.S. TIPS ETF by 8.4% during the third quarter. JPMorgan Chase & Co. now owns 7,306,113 shares of the company’s stock worth $368,886,000 after buying 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 fourth quarter worth $25,171,000.

Schwab U.S. TIPS ETF Trading Down 0.1 %

Shares of SCHP traded down $0.05 during trading hours on Wednesday, hitting $51.50. 1,886,418 shares of the stock were exchanged, compared to its average volume of 1,315,817. Schwab U.S. TIPS ETF has a fifty-two week low of $49.50 and a fifty-two week high of $53.59. The business has a 50-day moving average of $51.69 and a 200-day moving average of $51.55.

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.