First Pacific Financial Acquires 21,786 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

First Pacific Financial raised its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 138.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 37,559 shares of the company’s stock after buying an additional 21,786 shares during the quarter. First Pacific Financial’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,041,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SCHM. Cordant Inc. bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter worth $30,000. Archer Investment Corp lifted its holdings in Schwab U.S. Mid-Cap ETF by 1,965.0% in the third quarter. Archer Investment Corp now owns 413 shares of the company’s stock valued at $34,000 after acquiring an additional 393 shares during the period. Massmutual Trust Co. FSB ADV purchased a new position in Schwab U.S. Mid-Cap ETF in the third quarter worth about $41,000. Hantz Financial Services Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 1,742.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock valued at $51,000 after purchasing an additional 575 shares during the period. Finally, Lowe Wealth Advisors LLC increased its position in shares of 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 valued at $59,000 after purchasing an additional 1,416 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 0.7 %

Shares of SCHM stock opened at $28.70 on Friday. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.17 and a 12 month high of $30.28. The stock has a market cap of $4.11 billion, a P/E ratio of 16.47 and a beta of 1.09. The company has a 50 day simple moving average of $28.73 and a two-hundred day simple moving average of $27.59.

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.