Thrivent Financial for Lutherans Increases Stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Thrivent Financial for Lutherans increased its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 109.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 495,691 shares of the company’s stock after buying an additional 258,793 shares during the period. Thrivent Financial for Lutherans owned about 0.23% of Schwab U.S. TIPS ETF worth $12,984,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SCHP. Empower Advisory Group LLC raised its stake in Schwab U.S. TIPS ETF by 116.0% in the fourth quarter. Empower Advisory Group LLC now owns 38,301,085 shares of the company’s stock valued at $989,317,000 after buying an additional 20,565,226 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Schwab U.S. TIPS ETF during the 4th quarter worth about $402,061,000. Quadratic Capital Management LLC lifted its stake in Schwab U.S. TIPS ETF by 24.5% during the fourth quarter. Quadratic Capital Management LLC now owns 14,235,092 shares of the company’s stock worth $367,692,000 after purchasing an additional 2,803,683 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Schwab U.S. TIPS ETF by 17.1% in the third quarter. JPMorgan Chase & Co. now owns 9,972,150 shares of the company’s stock valued at $534,806,000 after purchasing an additional 1,458,886 shares in the last quarter. Finally, Lincoln National Corp increased its stake in Schwab U.S. TIPS ETF by 100.2% in the fourth quarter. Lincoln National Corp now owns 8,227,198 shares of the company’s stock valued at $212,509,000 after purchasing an additional 4,118,522 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

SCHP stock opened at $26.66 on Friday. The company’s 50 day moving average is $26.30 and its two-hundred day moving average is $26.32. Schwab U.S. TIPS ETF has a twelve month low of $25.46 and a twelve month high of $26.96.

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.