If that means predestination of those called by God, and we do not merit it, that it God's work by grace through faith (a gift), not of works, yes. This how God through the working of the Holy Spirit calls, gathers, enlightens, and sanctifies the whole Christian church on earth, and keeps it with Jesus Christ in the one true faith.
Yes, of course that is what is meant. That the Lutheranism I have observed lately does not embrace this (or much else that Luther wrote of) makes you a raft of truth in a big sea of unbiblical theology.