Lincoln Capital Corp Raises Stock Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Lincoln Capital Corp grew its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 197.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 340,182 shares of the company’s stock after purchasing an additional 225,784 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises about 3.9% of Lincoln Capital Corp’s investment portfolio, making the stock its 6th biggest position. Lincoln Capital Corp owned approximately 0.24% of Schwab U.S. Mid-Cap ETF worth $9,426,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cordant Inc. bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter worth $30,000. Archer Investment Corp boosted its holdings in Schwab U.S. Mid-Cap ETF by 1,965.0% during the third quarter. Archer Investment Corp now owns 413 shares of the company’s stock valued at $34,000 after acquiring an additional 393 shares during the period. UMB Bank n.a. grew its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. UMB Bank n.a. now owns 1,323 shares of the company’s stock valued at $37,000 after purchasing an additional 882 shares during the last quarter. Massmutual Trust Co. FSB ADV bought a new position in shares of Schwab U.S. Mid-Cap ETF in the third quarter worth about $41,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,476 shares of the company’s stock worth $41,000 after purchasing an additional 984 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Up 0.2 %

Shares of NYSEARCA:SCHM opened at $29.19 on Friday. The business has a 50 day moving average price of $28.71 and a 200 day moving average price of $27.69. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.54 and a twelve month high of $30.28.

Schwab U.S. Mid-Cap ETF Company Profile

The Schwab U.S. Mid-Cap ETF (SCHM) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks a market cap-weighted index of mid-cap stocks in the Dow Jones US Total Stock Market Index. SCHM was launched on Jan 13, 2011 and is managed by Charles Schwab.