Mount Lucas Management LP Sells 524 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Mount Lucas Management LP cut its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 3.8% in the second quarter, HoldingsChannel.com reports. The fund owned 13,435 shares of the company’s stock after selling 524 shares during the period. Mount Lucas Management LP’s holdings in Schwab U.S. TIPS ETF were worth $699,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SCHP. Charles Schwab Investment Advisory Inc. increased its stake in Schwab U.S. TIPS ETF by 2.2% during the 1st quarter. Charles Schwab Investment Advisory Inc. now owns 17,919,530 shares of the company’s stock worth $934,683,000 after purchasing an additional 393,715 shares in the last quarter. Sei Investments Co. increased its stake in Schwab U.S. TIPS ETF by 1.5% during the 1st quarter. Sei Investments Co. now owns 5,321,158 shares of the company’s stock worth $277,552,000 after purchasing an additional 76,063 shares in the last quarter. Lincoln National Corp increased its stake in Schwab U.S. TIPS ETF by 18,532.4% during the 2nd quarter. Lincoln National Corp now owns 4,087,949 shares of the company’s stock worth $212,614,000 after purchasing an additional 4,066,009 shares in the last quarter. Nepc LLC increased its stake in Schwab U.S. TIPS ETF by 71.9% during the 1st quarter. Nepc LLC now owns 2,582,031 shares of the company’s stock worth $134,679,000 after purchasing an additional 1,080,131 shares in the last quarter. Finally, CENTRAL TRUST Co increased its stake in Schwab U.S. TIPS ETF by 11.6% during the 1st quarter. CENTRAL TRUST Co now owns 2,580,233 shares of the company’s stock worth $134,585,000 after purchasing an additional 268,632 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA SCHP traded up $0.03 during trading hours on Friday, reaching $53.13. 905,093 shares of the company’s stock were exchanged, compared to its average volume of 1,233,323. The company’s 50-day moving average is $52.56 and its two-hundred day moving average is $52.04. Schwab U.S. TIPS ETF has a one year low of $49.50 and a one year high of $53.38.

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.