Arkadios Wealth Advisors Has $320,000 Stock Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Arkadios Wealth Advisors reduced its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,407 shares of the company’s stock after selling 673 shares during the period. Arkadios Wealth Advisors’ holdings in Schwab U.S. TIPS ETF were worth $320,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SCHP. Salem Investment Counselors Inc. boosted its holdings in Schwab U.S. TIPS ETF by 91.8% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock worth $27,000 after purchasing an additional 506 shares during the last quarter. First Community Trust NA increased its stake in shares of Schwab U.S. TIPS ETF by 100.0% in the fourth quarter. First Community Trust NA now owns 1,400 shares of the company’s stock worth $36,000 after purchasing an additional 700 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in shares of Schwab U.S. TIPS ETF in the fourth quarter valued at approximately $45,000. Capital Performance Advisors LLP bought a new position in shares of Schwab U.S. TIPS ETF in the third quarter worth $63,000. Finally, Cordant Inc. increased its position in shares of Schwab U.S. TIPS ETF by 105.2% during the fourth quarter. Cordant Inc. now owns 2,660 shares of the company’s stock valued at $69,000 after buying an additional 1,364 shares during the period.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA:SCHP opened at $25.96 on Friday. Schwab U.S. TIPS ETF has a one year low of $25.46 and a one year high of $26.96. The firm has a fifty day moving average price of $26.04 and a two-hundred day moving average price of $26.30.

About Schwab U.S. TIPS ETF

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.