Penobscot Investment Management Company Inc. Has $301,000 Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Penobscot Investment Management Company Inc. raised its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,880 shares of the company’s stock after acquiring an additional 7,253 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. HighTower Advisors LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 209.3% during the fourth quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock worth $279,249,000 after acquiring an additional 6,819,239 shares during the period. Advisory Alpha LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 195.3% during the 4th quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock worth $158,471,000 after purchasing an additional 3,782,365 shares in the last quarter. Legacy Wealth Management Inc raised its stake in shares of Schwab U.S. Mid-Cap ETF by 203.9% in the 4th quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock valued at $115,828,000 after purchasing an additional 2,804,735 shares during the period. Fragasso Financial Advisors Inc lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 201.2% in the fourth quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock valued at $92,695,000 after purchasing an additional 2,234,519 shares in the last quarter. Finally, JMG Financial Group Ltd. boosted its position in shares of Schwab U.S. Mid-Cap ETF by 196.9% during the fourth quarter. JMG Financial Group Ltd. now owns 2,881,771 shares of the company’s stock worth $79,854,000 after buying an additional 1,910,992 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

NYSEARCA:SCHM opened at $26.83 on Thursday. The company has a market cap of $10.95 billion, a PE ratio of 18.04 and a beta of 1.16. The stock has a 50-day simple moving average of $27.96 and a 200 day simple moving average of $28.12. Schwab U.S. Mid-Cap ETF has a 52-week low of $24.64 and a 52-week high of $30.28.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th will be issued a $0.0776 dividend. The ex-dividend date is Wednesday, March 26th.

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.