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

Acas LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 12.9% during the fourth quarter, HoldingsChannel reports. The fund owned 22,458 shares of the company’s stock after buying an additional 2,564 shares during the period. Schwab U.S. Mid-Cap ETF comprises approximately 1.9% of Acas LLC’s investment portfolio, making the stock its 16th biggest holding. Acas LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,692,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SCHM. JMG Financial Group Ltd. lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 5.7% in the fourth quarter. JMG Financial Group Ltd. now owns 1,003,645 shares of the company’s stock valued at $75,595,000 after purchasing an additional 54,379 shares during the period. Madison Park Capital Advisors LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter worth $1,647,000. Stockman Wealth Management Inc. boosted its position in shares of Schwab U.S. Mid-Cap ETF by 7.1% in the 4th quarter. Stockman Wealth Management Inc. now owns 4,121 shares of the company’s stock worth $310,000 after buying an additional 272 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 9.5% during the 4th quarter. Larson Financial Group LLC now owns 168,186 shares of the company’s stock worth $12,668,000 after purchasing an additional 14,551 shares during the last quarter. Finally, 1900 Wealth Management LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 4.7% in the fourth quarter. 1900 Wealth Management LLC now owns 19,041 shares of the company’s stock valued at $1,434,000 after acquiring an additional 851 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

NYSEARCA SCHM traded down $0.93 during mid-day trading on Thursday, reaching $76.43. 51,329 shares of the stock were exchanged, compared to its average volume of 316,946. The business’s fifty day simple moving average is $78.48 and its 200 day simple moving average is $73.61. The stock has a market capitalization of $10.93 billion, a PE ratio of 16.71 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 1-year low of $62.87 and a 1-year high of $81.74.

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.