Holderness Investments Co. Boosts Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Holderness Investments Co. raised its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 198.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,683 shares of the company’s stock after purchasing an additional 31,016 shares during the period. Holderness Investments Co.’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Von Berge Wealth Management Group LLC raised its position in Schwab U.S. Mid-Cap ETF by 0.4% during the fourth quarter. Von Berge Wealth Management Group LLC now owns 115,341 shares of the company’s stock valued at $3,368,000 after purchasing an additional 426 shares during the period. Waterfront Wealth Inc. raised its position in Schwab U.S. Mid-Cap ETF by 0.7% during the fourth quarter. Waterfront Wealth Inc. now owns 65,765 shares of the company’s stock valued at $1,822,000 after purchasing an additional 461 shares during the period. Kingsview Wealth Management LLC raised its position in Schwab U.S. Mid-Cap ETF by 3.5% during the third quarter. Kingsview Wealth Management LLC now owns 15,197 shares of the company’s stock valued at $1,263,000 after purchasing an additional 514 shares during the period. MML Investors Services LLC raised its position in Schwab U.S. Mid-Cap ETF by 0.4% during the third quarter. MML Investors Services LLC now owns 137,556 shares of the company’s stock valued at $11,430,000 after purchasing an additional 560 shares during the period. Finally, Hantz Financial Services Inc. raised its position in Schwab U.S. Mid-Cap ETF by 1,742.4% during the third quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock valued at $51,000 after purchasing an additional 575 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM stock opened at $26.61 on Friday. Schwab U.S. Mid-Cap ETF has a 1 year low of $24.64 and a 1 year high of $30.28. The stock’s 50 day simple moving average is $28.05 and its two-hundred day simple moving average is $28.10. The company has a market cap of $10.86 billion, a PE ratio of 18.04 and a beta of 1.16.

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.