MeadowBrook Investment Advisors LLC lifted its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 139.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,250 shares of the company’s stock after buying an additional 19,355 shares during the period. Schwab U.S. Mid-Cap ETF makes up 0.9% of MeadowBrook Investment Advisors LLC’s holdings, making the stock its 29th largest position. MeadowBrook Investment Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,029,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of SCHM. Godsey & Gibb Inc. acquired a new position in Schwab U.S. Mid-Cap ETF during the first quarter worth about $29,000. Accredited Wealth Management LLC raised its position in Schwab U.S. Mid-Cap ETF by 100.0% in the third quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock worth $30,000 after acquiring an additional 502 shares in the last quarter. Kingdom Financial Group LLC. acquired a new stake in Schwab U.S. Mid-Cap ETF in the 4th quarter valued at about $31,000. Ransom Advisory Ltd acquired a new stake in Schwab U.S. Mid-Cap ETF in the 4th quarter valued at about $32,000. Finally, International Assets Investment Management LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter valued at about $36,000.
Schwab U.S. Mid-Cap ETF Price Performance
Shares of SCHM opened at $36.19 on Friday. The firm’s 50 day moving average is $34.83 and its 200-day moving average is $32.72. The stock has a market capitalization of $15.20 billion, a P/E ratio of 18.83 and a beta of 1.04. Schwab U.S. Mid-Cap ETF has a 12-month low of $27.76 and a 12-month high of $36.66.
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.
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