Rede Wealth LLC boosted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 191.5% during the 4th quarter, Holdings Channel reports. The firm owned 32,346 shares of the company’s stock after buying an additional 21,250 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up about 0.3% of Rede Wealth LLC’s holdings, making the stock its 29th biggest position. Rede Wealth LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $896,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in SCHM. Farmers & Merchants Investments Inc. lifted its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock worth $26,000 after buying an additional 634 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock worth $27,000 after acquiring an additional 640 shares in the last quarter. Cordant Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at approximately $30,000. Archer Investment Corp grew its holdings in shares of 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 purchasing an additional 393 shares in the last quarter. Finally, UMB Bank n.a. increased its position in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. UMB Bank n.a. now owns 1,323 shares of the company’s stock worth $37,000 after purchasing an additional 882 shares during the last quarter.
Schwab U.S. Mid-Cap ETF Stock Down 0.9 %
SCHM stock opened at $28.75 on Friday. Schwab U.S. Mid-Cap ETF has a 52 week low of $24.64 and a 52 week high of $30.28. The company has a fifty day simple moving average of $28.62 and a two-hundred day simple moving average of $27.89. The firm has a market capitalization of $4.12 billion, a P/E ratio of 16.47 and a beta of 1.09.
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.
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