Iron Horse Wealth Management LLC Lowers Stock Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Iron Horse Wealth Management LLC lessened its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 39.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,512 shares of the company’s stock after selling 2,906 shares during the period. Iron Horse Wealth Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $235,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SCHP. Transcendent Capital Group LLC purchased a new position in Schwab U.S. TIPS ETF in the 4th quarter worth approximately $26,000. Mather Group LLC. purchased a new position in Schwab U.S. TIPS ETF during the first quarter valued at $27,000. Crewe Advisors LLC increased its holdings in Schwab U.S. TIPS ETF by 295.7% in the 4th quarter. Crewe Advisors LLC now owns 930 shares of the company’s stock valued at $49,000 after acquiring an additional 695 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of Schwab U.S. TIPS ETF during the first quarter valued at about $53,000. Finally, Financial Synergies Wealth Advisors Inc. bought a new stake in shares of Schwab U.S. TIPS ETF in the first quarter worth about $60,000.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA:SCHP traded down $0.18 during mid-day trading on Friday, reaching $52.01. The stock had a trading volume of 759,016 shares, compared to its average volume of 1,285,393. The business’s 50 day moving average price is $51.76 and its 200 day moving average price is $51.84. Schwab U.S. TIPS ETF has a 1 year low of $49.50 and a 1 year 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.