NewSquare Capital LLC Increases Stock Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

NewSquare Capital LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,542 shares of the company’s stock after purchasing an additional 9,028 shares during the period. NewSquare Capital LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $375,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SCHM. Farmers & Merchants Investments Inc. lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock valued at $26,000 after buying an additional 634 shares during the period. Geneos Wealth Management Inc. increased its position in Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock valued at $27,000 after acquiring an additional 640 shares during the last quarter. Cordant Inc. lifted its holdings in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Cordant Inc. now owns 1,089 shares of the company’s stock valued at $30,000 after acquiring an additional 726 shares during the period. Noble Wealth Management PBC purchased a new position in Schwab U.S. Mid-Cap ETF in the fourth quarter worth about $30,000. Finally, Archer Investment Corp grew its stake in shares of Schwab U.S. Mid-Cap ETF by 1,965.0% during the 3rd quarter. Archer Investment Corp now owns 413 shares of the company’s stock valued at $34,000 after purchasing an additional 393 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Up 1.3 %

Shares of NYSEARCA:SCHM opened at $27.19 on Thursday. The stock has a market capitalization of $11.06 billion, a PE ratio of 19.14 and a beta of 1.15. The firm’s 50 day moving average price is $28.38 and its 200-day moving average price is $28.15. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.64 and a twelve month high of $30.28.

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.