Sumitomo Life Insurance Co. Increases Holdings in Schwab U.S. TIPS ETF $SCHP

Sumitomo Life Insurance Co. raised its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 384.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 862,700 shares of the company’s stock after buying an additional 684,600 shares during the quarter. Schwab U.S. TIPS ETF comprises 0.7% of Sumitomo Life Insurance Co.’s investment portfolio, making the stock its 24th largest position. Sumitomo Life Insurance Co.’s holdings in Schwab U.S. TIPS ETF were worth $23,250,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE boosted its holdings in 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 in the last quarter. Willow Creek Wealth Management Inc. lifted its position in shares of Schwab U.S. TIPS ETF by 7.6% in the 3rd quarter. Willow Creek Wealth Management Inc. now owns 1,548,759 shares of the company’s stock worth $41,739,000 after purchasing an additional 109,181 shares during the period. MAI Capital Management boosted its stake in shares of Schwab U.S. TIPS ETF by 268.0% during the 3rd quarter. MAI Capital Management now owns 21,846 shares of the company’s stock valued at $589,000 after purchasing an additional 15,910 shares in the last quarter. Mount Lucas Management LP increased its position in shares of Schwab U.S. TIPS ETF by 5.0% during the third quarter. Mount Lucas Management LP now owns 29,500 shares of the company’s stock valued at $795,000 after buying an additional 1,414 shares during the period. Finally, Lutz Financial Services LLC raised its stake in Schwab U.S. TIPS ETF by 7.6% in the third quarter. Lutz Financial Services LLC now owns 1,990,216 shares of the company’s stock worth $53,636,000 after buying an additional 139,767 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA SCHP opened at $26.86 on Thursday. Schwab U.S. TIPS ETF has a 12 month low of $25.83 and a 12 month high of $27.19. The stock’s fifty day moving average price is $26.62 and its 200-day moving average price is $26.79.

Analyst Ratings Changes

Separately, Sanford C. Bernstein raised Schwab U.S. TIPS ETF to a “hold” rating in a research report on Friday, December 5th.

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.