Graypoint LLC Has $1.22 Million Stock Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Graypoint LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 191.5% during the fourth quarter, Holdings Channel reports. The fund owned 44,089 shares of the company’s stock after acquiring an additional 28,963 shares during the quarter. Graypoint LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. RMR Wealth Builders raised its stake in Schwab U.S. Mid-Cap ETF by 494.9% in the 4th quarter. RMR Wealth Builders now owns 31,773 shares of the company’s stock valued at $880,000 after acquiring an additional 26,432 shares during the period. Tilia Fiduciary Partners Inc. raised its stake in Schwab U.S. Mid-Cap ETF by 201.8% in the 4th quarter. Tilia Fiduciary Partners Inc. now owns 14,925 shares of the company’s stock valued at $414,000 after acquiring an additional 9,979 shares during the period. Lowe Wealth Advisors LLC increased its position in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Lowe Wealth Advisors LLC now owns 2,124 shares of the company’s stock worth $59,000 after buying an additional 1,416 shares during the period. Praetorian Wealth Management Inc. bought a new position in Schwab U.S. Mid-Cap ETF during the 4th quarter worth $309,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in Schwab U.S. Mid-Cap ETF by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,066,258 shares of the company’s stock worth $57,256,000 after buying an additional 23,876 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM stock opened at $27.62 on Friday. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.17 and a fifty-two week high of $30.28. The business’s fifty day moving average price is $28.74 and its two-hundred day moving average price is $27.52.

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.