Lincoln National Corp Has $212.61 Million Stock Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Lincoln National Corp grew its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 18,532.4% during the second quarter, Holdings Channel.com reports. The fund owned 4,087,949 shares of the company’s stock after purchasing an additional 4,066,009 shares during the quarter. Schwab U.S. TIPS ETF makes up 7.2% of Lincoln National Corp’s investment portfolio, making the stock its 5th biggest position. Lincoln National Corp’s holdings in Schwab U.S. TIPS ETF were worth $212,614,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SCHP. Transcendent Capital Group LLC purchased a new position in Schwab U.S. TIPS ETF during the 4th quarter valued at about $26,000. Mather Group LLC. bought a new stake in Schwab U.S. TIPS ETF during the first quarter valued at about $27,000. Pathway Financial Advisers LLC purchased a new position in Schwab U.S. TIPS ETF in the first quarter valued at about $33,000. Triad Wealth Partners LLC purchased a new position in Schwab U.S. TIPS ETF in the second quarter valued at about $44,000. Finally, Crewe Advisors LLC raised its holdings in Schwab U.S. TIPS ETF by 295.7% in the fourth quarter. Crewe Advisors LLC now owns 930 shares of the company’s stock worth $49,000 after purchasing an additional 695 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

SCHP traded up $0.29 during trading on Friday, hitting $53.17. The stock had a trading volume of 781,648 shares, compared to its average volume of 1,214,961. Schwab U.S. TIPS ETF has a twelve month low of $49.50 and a twelve month high of $53.23. The stock has a 50 day simple moving average of $52.38 and a two-hundred day simple moving average of $51.94.

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.