Lincoln National Corp Cuts Stock Holdings in Schwab U.S. TIPS ETF $SCHP

Lincoln National Corp decreased its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 61.8% during the fourth quarter, HoldingsChannel reports. The firm owned 3,181,767 shares of the company’s stock after selling 5,140,149 shares during the period. Schwab U.S. TIPS ETF comprises 2.5% of Lincoln National Corp’s portfolio, making the stock its 16th largest holding. Lincoln National Corp’s holdings in Schwab U.S. TIPS ETF were worth $84,285,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Pine Haven Investment Counsel Inc increased its position in Schwab U.S. TIPS ETF by 0.9% during the 4th quarter. Pine Haven Investment Counsel Inc now owns 42,192 shares of the company’s stock valued at $1,118,000 after purchasing an additional 390 shares during the period. Cape Investment Advisory Inc. increased its position in Schwab U.S. TIPS ETF by 21.2% during the 3rd quarter. Cape Investment Advisory Inc. now owns 2,356 shares of the company’s stock valued at $63,000 after purchasing an additional 412 shares during the period. Sequoia Financial Advisors LLC increased its position in Schwab U.S. TIPS ETF by 4.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 9,541 shares of the company’s stock valued at $257,000 after purchasing an additional 423 shares during the period. Vista Capital Partners Inc. increased its position in Schwab U.S. TIPS ETF by 2.8% during the 4th quarter. Vista Capital Partners Inc. now owns 19,104 shares of the company’s stock valued at $506,000 after purchasing an additional 523 shares during the period. Finally, Lynx Investment Advisory increased its position in Schwab U.S. TIPS ETF by 4.1% during the 3rd quarter. Lynx Investment Advisory now owns 13,436 shares of the company’s stock valued at $362,000 after purchasing an additional 532 shares during the period.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA SCHP opened at $26.63 on Friday. The company’s 50-day simple moving average is $26.73 and its two-hundred day simple moving average is $26.71. Schwab U.S. TIPS ETF has a one year low of $26.20 and a one year high of $27.19.

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.