Lincoln National Corp Trims Stake in Schwab U.S. TIPS ETF $SCHP

Lincoln National Corp lowered its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 61.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,181,767 shares of the company’s stock after selling 5,140,149 shares during the quarter. Schwab U.S. TIPS ETF comprises about 2.5% of Lincoln National Corp’s portfolio, making the stock its 16th largest position. Lincoln National Corp owned 0.56% of Schwab U.S. TIPS ETF worth $84,285,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SCHP. US Bancorp DE raised its stake in shares of Schwab U.S. TIPS ETF by 899.8% in the third quarter. US Bancorp DE now owns 16,265,679 shares of the company’s stock valued at $438,361,000 after acquiring an additional 14,638,820 shares during the period. Adventist Health System Sunbelt Healthcare Corp raised its stake in shares of Schwab U.S. TIPS ETF by 29,954.5% in the third quarter. Adventist Health System Sunbelt Healthcare Corp now owns 4,628,695 shares of the company’s stock valued at $124,743,000 after acquiring an additional 4,613,294 shares during the period. Wealthfront Advisers LLC raised its stake in shares of Schwab U.S. TIPS ETF by 11.6% in the third quarter. Wealthfront Advisers LLC now owns 35,688,247 shares of the company’s stock valued at $961,798,000 after acquiring an additional 3,718,170 shares during the period. Quadratic Capital Management LLC raised its stake in shares of Schwab U.S. TIPS ETF by 23.2% in the fourth quarter. Quadratic Capital Management LLC now owns 14,499,201 shares of the company’s stock valued at $384,084,000 after acquiring an additional 2,732,156 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of Schwab U.S. TIPS ETF by 591.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 2,198,822 shares of the company’s stock valued at $59,258,000 after acquiring an additional 1,880,726 shares during the period.

Schwab U.S. TIPS ETF Stock Up 0.0%

SCHP stock opened at $26.63 on Friday. Schwab U.S. TIPS ETF has a 12 month low of $26.20 and a 12 month high of $27.19. The firm’s 50-day moving average is $26.73 and its 200 day moving average is $26.71.

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.