Lincoln National Corp Boosts Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Lincoln National Corp increased its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 100.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,227,198 shares of the company’s stock after acquiring an additional 4,118,522 shares during the period. Schwab U.S. TIPS ETF comprises approximately 6.8% of Lincoln National Corp’s portfolio, making the stock its 5th largest holding. Lincoln National Corp’s holdings in Schwab U.S. TIPS ETF were worth $212,509,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd lifted its stake in shares of Schwab U.S. TIPS ETF by 7.4% in the 3rd quarter. Covestor Ltd now owns 5,625 shares of the company’s stock valued at $302,000 after purchasing an additional 388 shares during the period. Aptus Capital Advisors LLC lifted its stake in Schwab U.S. TIPS ETF by 8.9% in the third quarter. Aptus Capital Advisors LLC now owns 4,782 shares of the company’s stock valued at $256,000 after buying an additional 392 shares during the period. Coastwise Capital Group LLC lifted its stake in Schwab U.S. TIPS ETF by 7.2% in the third quarter. Coastwise Capital Group LLC now owns 6,037 shares of the company’s stock valued at $324,000 after buying an additional 408 shares during the period. Global Retirement Partners LLC boosted its holdings in Schwab U.S. TIPS ETF by 2.0% during the fourth quarter. Global Retirement Partners LLC now owns 20,827 shares of the company’s stock worth $538,000 after buying an additional 409 shares during the last quarter. Finally, Bakala Capital LLC grew its position in shares of Schwab U.S. TIPS ETF by 3.0% during the 3rd quarter. Bakala Capital LLC now owns 14,993 shares of the company’s stock worth $804,000 after buying an additional 430 shares during the period.

Schwab U.S. TIPS ETF Trading Up 0.6 %

Shares of NYSEARCA:SCHP opened at $26.71 on Monday. The firm’s 50 day simple moving average is $26.06 and its 200 day simple moving average is $26.31. Schwab U.S. TIPS ETF has a fifty-two week low of $25.46 and a fifty-two week high of $26.96.

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.