Armbruster Capital Management Inc. Buys 7,855 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Armbruster Capital Management Inc. raised its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 199.4% during the fourth quarter, Holdings Channel reports. The fund owned 11,795 shares of the company’s stock after buying an additional 7,855 shares during the period. Armbruster Capital Management Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $327,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bush Investment Group LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 0.5% in the third quarter. Bush Investment Group LLC now owns 128,379 shares of the company’s stock valued at $10,667,000 after purchasing an additional 673 shares during the last quarter. Denver PWM LLC boosted its position in Schwab U.S. Mid-Cap ETF by 2.8% during the third quarter. Denver PWM LLC now owns 204,460 shares of the company’s stock worth $16,989,000 after purchasing an additional 5,553 shares during the period. Anchor Investment Management LLC boosted its position in Schwab U.S. Mid-Cap ETF by 1.6% during the third quarter. Anchor Investment Management LLC now owns 70,223 shares of the company’s stock worth $5,835,000 after purchasing an additional 1,136 shares during the period. World Investment Advisors LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 10.5% in the third quarter. World Investment Advisors LLC now owns 7,893 shares of the company’s stock worth $656,000 after purchasing an additional 747 shares in the last quarter. Finally, Synovus Financial Corp lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 100.0% during the 3rd quarter. Synovus Financial Corp now owns 15,250 shares of the company’s stock valued at $1,267,000 after buying an additional 7,626 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM stock opened at $29.20 on Monday. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The company’s fifty day simple moving average is $28.73 and its two-hundred day simple moving average is $27.75. Schwab U.S. Mid-Cap ETF has a 1 year low of $24.54 and a 1 year 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.