Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) is PPS&V Asset Management Consultants Inc.’s 8th Largest Position

PPS&V Asset Management Consultants Inc. lifted its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 198.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 236,055 shares of the company’s stock after acquiring an additional 156,875 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for about 4.4% of PPS&V Asset Management Consultants Inc.’s investment portfolio, making the stock its 8th largest holding. PPS&V Asset Management Consultants Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $6,541,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SCHM. Cordant Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF in the third quarter worth $30,000. Archer Investment Corp increased its position in shares of Schwab U.S. Mid-Cap ETF by 1,965.0% during the third quarter. Archer Investment Corp now owns 413 shares of the company’s stock valued at $34,000 after buying an additional 393 shares during the period. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter worth about $41,000. Hantz Financial Services Inc. boosted its position in shares of Schwab U.S. Mid-Cap ETF by 1,742.4% in the third quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock valued at $51,000 after acquiring an additional 575 shares during the period. Finally, Lowe Wealth Advisors LLC grew its stake in Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Lowe Wealth Advisors LLC now owns 2,124 shares of the company’s stock valued at $59,000 after acquiring an additional 1,416 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

NYSEARCA:SCHM traded up $0.23 during trading hours on Monday, hitting $27.85. The stock had a trading volume of 1,124,314 shares, compared to its average volume of 1,263,086. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a one year low of $24.17 and a one year high of $30.28. The company has a 50 day simple moving average of $28.74 and a two-hundred day simple moving average of $27.54.

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.