Red Door Wealth Management LLC Increases Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Red Door Wealth Management LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 243.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,259 shares of the company’s stock after purchasing an additional 59,742 shares during the period. Red Door Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $2,335,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SCHM. Cordant Inc. purchased a new stake in Schwab U.S. Mid-Cap ETF during the 3rd quarter worth about $30,000. Archer Investment Corp lifted its stake 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 worth $34,000 after purchasing an additional 393 shares during the last quarter. UMB Bank n.a. boosted its holdings in 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 in the last quarter. Massmutual Trust Co. FSB ADV acquired a new position in Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $41,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,476 shares of the company’s stock valued at $41,000 after purchasing an additional 984 shares during the last quarter.

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

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

Schwab U.S. Mid-Cap ETF 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.