Schneider Downs Wealth Management Advisors LP Acquires 203,188 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Schneider Downs Wealth Management Advisors LP increased its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 239.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 287,999 shares of the company’s stock after acquiring an additional 203,188 shares during the period. Schwab U.S. Mid-Cap ETF comprises 1.5% of Schneider Downs Wealth Management Advisors LP’s portfolio, making the stock its 17th biggest position. Schneider Downs Wealth Management Advisors LP owned about 0.20% of Schwab U.S. Mid-Cap ETF worth $7,980,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Archer Investment Corp lifted 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 worth $34,000 after acquiring an additional 393 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in 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 worth $51,000 after purchasing an additional 575 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Schwab U.S. Mid-Cap ETF during the 3rd quarter worth $66,000. Farmers & Merchants Investments Inc. increased its holdings in 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 worth $26,000 after purchasing an additional 634 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in 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 purchasing an additional 640 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Up 0.3 %

SCHM opened at $27.94 on Thursday. The stock’s fifty day moving average is $28.43 and its two-hundred day moving average is $28.11. The company has a market capitalization of $11.36 billion, a P/E ratio of 19.14 and a beta of 1.15. 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 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.