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

Lincoln Capital Corp grew its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 197.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 340,182 shares of the company’s stock after buying an additional 225,784 shares during the period. Schwab U.S. Mid-Cap ETF makes up 3.9% of Lincoln Capital Corp’s investment portfolio, making the stock its 6th largest holding. Lincoln Capital Corp’s holdings in Schwab U.S. Mid-Cap ETF were worth $9,426,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Hengehold Capital Management LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 221.0% during the fourth quarter. Hengehold Capital Management LLC now owns 8,498 shares of the company’s stock valued at $235,000 after purchasing an additional 5,851 shares in the last quarter. Spinnaker Investment Group LLC boosted its stake in Schwab U.S. Mid-Cap ETF by 205.6% in the 4th quarter. Spinnaker Investment Group LLC now owns 437,643 shares of the company’s stock valued at $12,127,000 after buying an additional 294,414 shares in the last quarter. Apeiron RIA LLC grew its position in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Apeiron RIA LLC now owns 9,618 shares of the company’s stock valued at $267,000 after acquiring an additional 6,412 shares during the period. Red Door Wealth Management LLC raised its stake in Schwab U.S. Mid-Cap ETF by 243.7% during the fourth quarter. Red Door Wealth Management LLC now owns 84,259 shares of the company’s stock worth $2,335,000 after acquiring an additional 59,742 shares in the last quarter. Finally, Arkansas Financial Group Inc. lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 199.0% during the fourth quarter. Arkansas Financial Group Inc. now owns 55,255 shares of the company’s stock valued at $1,531,000 after acquiring an additional 36,775 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA:SCHM opened at $29.19 on Friday. The company has a market capitalization of $4.18 billion, a PE ratio of 16.47 and a beta of 1.09. The company’s fifty day moving average is $28.71 and its 200-day moving average is $27.69. Schwab U.S. Mid-Cap ETF has a 52 week low of $24.54 and a 52 week high of $30.28.

About Schwab U.S. Mid-Cap ETF

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.