Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Acquired by Gradient Capital Advisors LLC

Gradient Capital Advisors LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 198.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 304,508 shares of the company’s stock after purchasing an additional 202,639 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up 2.7% of Gradient Capital Advisors LLC’s portfolio, making the stock its 8th largest holding. Gradient Capital Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $8,438,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Farmers & Merchants Investments Inc. grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock valued at $26,000 after purchasing an additional 634 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock valued at $27,000 after purchasing an additional 640 shares during the period. Cordant Inc. bought a new position in Schwab U.S. Mid-Cap ETF during the 3rd quarter worth $30,000. Archer Investment Corp increased its position in Schwab U.S. Mid-Cap ETF by 1,965.0% in 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 period. Finally, UMB Bank n.a. lifted its stake 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 buying an additional 882 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Schwab U.S. Mid-Cap ETF stock opened at $28.67 on Wednesday. Schwab U.S. Mid-Cap ETF has a one year low of $24.64 and a one year high of $30.28. The company has a 50-day simple moving average of $28.60 and a 200-day simple moving average of $27.92. The firm has a market capitalization of $4.11 billion, a P/E ratio of 16.47 and a beta of 1.09.

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.