Lincoln National Corp Purchases New Position in Schwab U.S. TIPS ETF $SCHP

Lincoln National Corp acquired a new stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 9,699,115 shares of the company’s stock, valued at approximately $243,739,000. Schwab U.S. TIPS ETF makes up about 6.6% of Lincoln National Corp’s investment portfolio, making the stock its 7th largest position. Lincoln National Corp owned 1.42% of Schwab U.S. TIPS ETF as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Drive Wealth Management LLC bought a new position in Schwab U.S. TIPS ETF in the third quarter worth approximately $229,000. Vista Capital Partners Inc. bought a new stake in Schwab U.S. TIPS ETF during the 3rd quarter valued at $659,000. Municipal Employees Retirement System of Michigan bought a new stake in Schwab U.S. TIPS ETF during the 3rd quarter valued at $406,819,000. Financial Freedom LLC boosted its position in Schwab U.S. TIPS ETF by 1.2% during the 3rd quarter. Financial Freedom LLC now owns 74,234 shares of the company’s stock valued at $1,866,000 after acquiring an additional 849 shares in the last quarter. Finally, Moors & Cabot Inc. purchased a new position in shares of Schwab U.S. TIPS ETF in the 3rd quarter valued at $510,000.

Schwab U.S. TIPS ETF Trading Down 0.2%

Shares of NYSEARCA:SCHP traded down $0.05 on Friday, reaching $25.18. The company had a trading volume of 3,894,574 shares, compared to its average volume of 5,127,618. Schwab U.S. TIPS ETF has a 52-week low of $25.01 and a 52-week high of $26.99. The firm’s 50 day simple moving average is $25.43 and its 200-day simple moving average is $26.23.

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.