Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Stake Increased by Schaeffer Financial LLC

Schaeffer Financial LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 204.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 322,719 shares of the company’s stock after purchasing an additional 216,789 shares during the period. Schwab U.S. Mid-Cap ETF accounts for 8.9% of Schaeffer Financial LLC’s investment portfolio, making the stock its 6th largest position. Schaeffer Financial LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $8,943,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farmers & Merchants Investments Inc. raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock valued at $26,000 after acquiring an additional 634 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock valued at $27,000 after acquiring an additional 640 shares in the last quarter. Cordant Inc. raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Cordant Inc. now owns 1,089 shares of the company’s stock valued at $30,000 after acquiring an additional 726 shares in the last quarter. Archer Investment Corp raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 1,965.0% in the 3rd quarter. Archer Investment Corp now owns 413 shares of the company’s stock valued at $34,000 after acquiring an additional 393 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of 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 in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 0.9 %

Shares of Schwab U.S. Mid-Cap ETF stock opened at $28.69 on Friday. The firm has a market capitalization of $4.11 billion, a PE ratio of 16.47 and a beta of 1.09. The business’s 50-day moving average price is $28.49 and its 200-day moving average price is $28.02. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.64 and a 12 month high of $30.28.

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.