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

Sumitomo Life Insurance Co. lifted its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 44.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,250,000 shares of the company’s stock after purchasing an additional 387,300 shares during the quarter. Schwab U.S. TIPS ETF accounts for approximately 0.9% of Sumitomo Life Insurance Co.’s portfolio, making the stock its 19th largest position. Sumitomo Life Insurance Co. owned about 0.22% of Schwab U.S. TIPS ETF worth $33,112,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Assetmark Inc. grew its holdings in shares of Schwab U.S. TIPS ETF by 4.5% during the third quarter. Assetmark Inc. now owns 2,045,996 shares of the company’s stock worth $55,140,000 after purchasing an additional 88,125 shares in the last quarter. CENTRAL TRUST Co grew its holdings in shares of Schwab U.S. TIPS ETF by 14.1% during the third quarter. CENTRAL TRUST Co now owns 7,312,983 shares of the company’s stock worth $197,085,000 after purchasing an additional 901,499 shares in the last quarter. Clearstead Advisors LLC grew its holdings in shares of Schwab U.S. TIPS ETF by 34,125.7% during the third quarter. Clearstead Advisors LLC now owns 101,308 shares of the company’s stock worth $2,730,000 after purchasing an additional 101,012 shares in the last quarter. Dorato Capital Management purchased a new position in shares of Schwab U.S. TIPS ETF during the fourth quarter worth about $6,700,000. Finally, BlueSky Wealth Advisors LLC grew its holdings in shares of Schwab U.S. TIPS ETF by 8.1% during the fourth quarter. BlueSky Wealth Advisors LLC now owns 1,499,610 shares of the company’s stock worth $39,725,000 after purchasing an additional 112,608 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Up 0.0%

Shares of SCHP opened at $26.54 on Friday. The stock has a 50 day simple moving average of $26.72 and a two-hundred day simple moving average of $26.69. Schwab U.S. TIPS ETF has a 1 year low of $26.27 and a 1 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.