IFG Advisory LLC Has $1.58 Million Stock Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

IFG Advisory LLC lessened its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 64.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,285 shares of the company’s stock after selling 55,776 shares during the quarter. IFG Advisory LLC’s holdings in Schwab U.S. TIPS ETF were worth $1,581,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SCHP. Patriot Investment Management Group Inc. lifted its stake in shares of Schwab U.S. TIPS ETF by 17.8% in the 4th quarter. Patriot Investment Management Group Inc. now owns 22,311 shares of the company’s stock valued at $1,165,000 after purchasing an additional 3,364 shares during the period. Bridge Advisory LLC acquired a new position in Schwab U.S. TIPS ETF in the fourth quarter valued at about $971,000. Myecfo LLC boosted its holdings in Schwab U.S. TIPS ETF by 5.3% during the fourth quarter. Myecfo LLC now owns 19,031 shares of the company’s stock worth $993,000 after buying an additional 956 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Schwab U.S. TIPS ETF by 25.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 245,996 shares of the company’s stock worth $12,841,000 after buying an additional 49,458 shares during the period. Finally, Security Financial Services INC. grew its position in shares of Schwab U.S. TIPS ETF by 1.5% during the 4th quarter. Security Financial Services INC. now owns 20,258 shares of the company’s stock worth $1,057,000 after buying an additional 303 shares during the period.

Schwab U.S. TIPS ETF Price Performance

Schwab U.S. TIPS ETF stock opened at $52.16 on Thursday. The company’s 50 day simple moving average is $51.84 and its 200 day simple moving average is $51.33. Schwab U.S. TIPS ETF has a fifty-two week low of $49.50 and a fifty-two week high of $54.10.

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.