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

Thrivent Financial for Lutherans lifted its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 109.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 495,691 shares of the company’s stock after buying an additional 258,793 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Schwab U.S. TIPS ETF were worth $12,984,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Coastwise Capital Group LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 7.2% during the third quarter. Coastwise Capital Group LLC now owns 6,037 shares of the company’s stock worth $324,000 after purchasing an additional 408 shares during the last quarter. Global Retirement Partners LLC grew its holdings in Schwab U.S. TIPS ETF by 2.0% in the 4th quarter. Global Retirement Partners LLC now owns 20,827 shares of the company’s stock valued at $538,000 after buying an additional 409 shares during the period. Bakala Capital LLC increased its stake in shares of Schwab U.S. TIPS ETF by 3.0% during the 3rd quarter. Bakala Capital LLC now owns 14,993 shares of the company’s stock valued at $804,000 after acquiring an additional 430 shares during the last quarter. Passive Capital Management LLC. lifted its holdings in shares of Schwab U.S. TIPS ETF by 1.3% during the 3rd quarter. Passive Capital Management LLC. now owns 38,687 shares of the company’s stock worth $2,075,000 after acquiring an additional 484 shares during the period. Finally, Salem Investment Counselors Inc. lifted its holdings in shares of Schwab U.S. TIPS ETF by 91.8% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock worth $27,000 after acquiring an additional 506 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

Schwab U.S. TIPS ETF stock opened at $26.66 on Friday. Schwab U.S. TIPS ETF has a 1 year low of $25.46 and a 1 year high of $26.96. The firm has a 50 day moving average price of $26.30 and a 200 day moving average price of $26.32.

Schwab U.S. TIPS ETF 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.