State Farm Mutual Automobile Insurance Co. Purchases 93,472 Shares of Schwab U.S. TIPS ETF $SCHP

State Farm Mutual Automobile Insurance Co. grew its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 267.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,441 shares of the company’s stock after acquiring an additional 93,472 shares during the period. State Farm Mutual Automobile Insurance Co.’s holdings in Schwab U.S. TIPS ETF were worth $3,461,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SCHP. Founders Financial Alliance LLC lifted its position in shares of Schwab U.S. TIPS ETF by 392.8% in the third quarter. Founders Financial Alliance LLC now owns 961 shares of the company’s stock worth $26,000 after buying an additional 766 shares in the last quarter. Financial Consulate Inc. bought a new stake in shares of Schwab U.S. TIPS ETF in the 3rd quarter worth about $29,000. Bessemer Group Inc. bought a new position in shares of Schwab U.S. TIPS ETF during the second quarter valued at approximately $32,000. Ameritas Investment Partners Inc. increased its stake in Schwab U.S. TIPS ETF by 83.9% in the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock worth $32,000 after purchasing an additional 547 shares during the period. Finally, Hantz Financial Services Inc. bought a new stake in Schwab U.S. TIPS ETF during the 2nd quarter valued at about $35,000.

Schwab U.S. TIPS ETF Stock Down 0.2%

NYSEARCA SCHP opened at $26.90 on Tuesday. The company has a fifty day simple moving average of $26.64 and a two-hundred day simple moving average of $26.80. Schwab U.S. TIPS ETF has a 12-month low of $25.83 and a 12-month high of $27.19.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein upgraded Schwab U.S. TIPS ETF to a “hold” rating in a 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.