Focus Financial Network Inc. Grows Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Focus Financial Network Inc. grew its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 170.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 451,341 shares of the company’s stock after acquiring an additional 284,718 shares during the quarter. Focus Financial Network Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $12,507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Farmers & Merchants Investments Inc. boosted its stake in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock worth $26,000 after purchasing an additional 634 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock valued at $27,000 after buying an additional 640 shares during the last quarter. Cordant Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the third quarter worth about $30,000. Archer Investment Corp grew its holdings in shares of 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 buying an additional 393 shares during the last quarter. Finally, UMB Bank n.a. increased its position in Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. UMB Bank n.a. now owns 1,323 shares of the company’s stock valued at $37,000 after acquiring an additional 882 shares during the period.

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

Schwab U.S. Mid-Cap ETF stock opened at $28.81 on Tuesday. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The stock has a 50 day moving average of $28.62 and a two-hundred day moving average of $27.90. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.64 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.