Busey Bank Acquires 7,989 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Busey Bank boosted its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,973 shares of the company’s stock after purchasing an additional 7,989 shares during the quarter. Busey Bank’s holdings in Schwab U.S. Mid-Cap ETF were worth $332,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SCHM. AQR Capital Management LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 56.9% in the 2nd quarter. AQR Capital Management LLC now owns 80,039 shares of the company’s stock valued at $6,229,000 after acquiring an additional 29,028 shares in the last quarter. NewEdge Advisors LLC increased its stake in Schwab U.S. Mid-Cap ETF by 24.5% in the second quarter. NewEdge Advisors LLC now owns 50,285 shares of the company’s stock valued at $3,914,000 after purchasing an additional 9,898 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the second quarter valued at about $486,000. American Trust boosted its position in shares of Schwab U.S. Mid-Cap ETF by 39.0% during the 2nd quarter. American Trust now owns 4,165 shares of the company’s stock worth $324,000 after purchasing an additional 1,169 shares in the last quarter. Finally, Centaurus Financial Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 6.1% in the 2nd quarter. Centaurus Financial Inc. now owns 3,622 shares of the company’s stock valued at $282,000 after buying an additional 209 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM stock opened at $29.20 on Friday. The stock’s 50 day simple moving average is $28.75 and its 200 day simple moving average is $27.79. The company has a market cap of $4.19 billion, a P/E ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.54 and a fifty-two week high of $30.28.

About Schwab U.S. Mid-Cap ETF

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.