Sumitomo Life Insurance Co. Boosts Stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Sumitomo Life Insurance Co. boosted its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 658.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 567,500 shares of the company’s stock after acquiring an additional 492,700 shares during the period. Schwab U.S. TIPS ETF accounts for approximately 0.3% of Sumitomo Life Insurance Co.’s investment portfolio, making the stock its 28th biggest position. Sumitomo Life Insurance Co. owned about 0.27% of Schwab U.S. TIPS ETF worth $14,659,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Salem Investment Counselors Inc. boosted its position in shares of Schwab U.S. TIPS ETF by 91.8% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock valued at $27,000 after acquiring an additional 506 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Schwab U.S. TIPS ETF during the third quarter worth about $63,000. First Community Trust NA boosted its holdings in Schwab U.S. TIPS ETF by 100.0% in the 4th quarter. First Community Trust NA now owns 1,400 shares of the company’s stock valued at $36,000 after purchasing an additional 700 shares during the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Schwab U.S. TIPS ETF in the 4th quarter valued at approximately $45,000. Finally, Pflug Koory LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 100.2% during the 4th quarter. Pflug Koory LLC now owns 1,858 shares of the company’s stock worth $48,000 after buying an additional 930 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Up 0.0 %

SCHP stock opened at $26.13 on Wednesday. Schwab U.S. TIPS ETF has a one year low of $25.46 and a one year high of $26.96. The firm’s 50 day moving average price is $26.03 and its 200-day moving average price is $26.30.

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.