Mengis Capital Management Inc. Has $4.60 Million Stock Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Mengis Capital Management Inc. raised its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 228.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,087 shares of the company’s stock after acquiring an additional 115,569 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises approximately 0.9% of Mengis Capital Management Inc.’s investment portfolio, making the stock its 25th biggest holding. Mengis Capital Management Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $4,602,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SCHM. Blue Trust Inc. raised its position in Schwab U.S. Mid-Cap ETF by 119.7% in the 3rd quarter. Blue Trust Inc. now owns 2,061 shares of the company’s stock worth $160,000 after purchasing an additional 1,123 shares during the last quarter. Raymond James & Associates increased its stake in shares of Schwab U.S. Mid-Cap ETF by 5.6% in the 3rd quarter. Raymond James & Associates now owns 174,372 shares of the company’s stock valued at $14,489,000 after buying an additional 9,243 shares during the period. Family Investment Center Inc. raised its position in shares of Schwab U.S. Mid-Cap ETF by 1.2% during the third quarter. Family Investment Center Inc. now owns 59,266 shares of the company’s stock worth $4,924,000 after acquiring an additional 715 shares during the last quarter. Gemmer Asset Management LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 1.7% during the third quarter. Gemmer Asset Management LLC now owns 489,389 shares of the company’s stock valued at $40,663,000 after acquiring an additional 8,011 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in Schwab U.S. Mid-Cap ETF by 58.4% in the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 52,313 shares of the company’s stock valued at $4,347,000 after acquiring an additional 19,287 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Down 0.3 %

Shares of SCHM stock opened at $27.91 on Tuesday. The firm has a market cap of $11.35 billion, a price-to-earnings ratio of 19.14 and a beta of 1.15. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.64 and a 12 month high of $30.28. The stock has a 50-day moving average price of $28.46 and a 200 day moving average price of $28.08.

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.