Sumitomo Life Insurance Co. Raises Stake in Schwab U.S. TIPS ETF $SCHP

Sumitomo Life Insurance Co. boosted its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 44.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,250,000 shares of the company’s stock after buying an additional 387,300 shares during the quarter. Schwab U.S. TIPS ETF makes up approximately 0.9% of Sumitomo Life Insurance Co.’s portfolio, making the stock its 19th biggest position. Sumitomo Life Insurance Co.’s holdings in Schwab U.S. TIPS ETF were worth $33,112,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SCHP. Brighton Jones LLC lifted its position in Schwab U.S. TIPS ETF by 211.4% in the fourth quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock valued at $541,000 after purchasing an additional 14,212 shares during the last quarter. AQR Capital Management LLC lifted its position in Schwab U.S. TIPS ETF by 180.7% in the first quarter. AQR Capital Management LLC now owns 76,197 shares of the company’s stock valued at $2,049,000 after purchasing an additional 49,056 shares during the last quarter. State Street Corp lifted its position in Schwab U.S. TIPS ETF by 3.0% in the second quarter. State Street Corp now owns 2,599,691 shares of the company’s stock valued at $69,360,000 after purchasing an additional 76,212 shares during the last quarter. Main Street Financial Solutions LLC lifted its position in Schwab U.S. TIPS ETF by 25.5% in the second quarter. Main Street Financial Solutions LLC now owns 11,390 shares of the company’s stock valued at $304,000 after purchasing an additional 2,312 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in Schwab U.S. TIPS ETF by 2.9% in the second quarter. Alliancebernstein L.P. now owns 7,833,720 shares of the company’s stock valued at $209,004,000 after purchasing an additional 223,281 shares during the last quarter.

Schwab U.S. TIPS ETF Trading Up 0.0%

Shares of SCHP stock opened at $26.54 on Friday. Schwab U.S. TIPS ETF has a fifty-two week low of $26.27 and a fifty-two week high of $27.19. The stock has a 50 day moving average price of $26.72 and a two-hundred day moving average price of $26.69.

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.