David Wealth Management LLC Purchases Shares of 10,887 Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

David Wealth Management LLC acquired a new position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,887 shares of the company’s stock, valued at approximately $302,000.

Other institutional investors have also recently modified their holdings of the company. Leavell Investment Management Inc. lifted its position in Schwab U.S. Mid-Cap ETF by 188.5% in the 4th quarter. Leavell Investment Management Inc. now owns 406,905 shares of the company’s stock worth $11,275,000 after buying an additional 265,861 shares during the last quarter. Gradient Capital Advisors LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 198.9% in the 4th quarter. Gradient Capital Advisors LLC now owns 304,508 shares of the company’s stock worth $8,438,000 after acquiring an additional 202,639 shares during the last quarter. CAP Partners LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 200.1% in the 4th quarter. CAP Partners LLC now owns 29,216 shares of the company’s stock valued at $810,000 after purchasing an additional 19,479 shares in the last quarter. Shaker Investments LLC OH boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 187.0% in the 4th quarter. Shaker Investments LLC OH now owns 7,374 shares of the company’s stock valued at $204,000 after purchasing an additional 4,805 shares in the last quarter. Finally, Single Point Partners LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter valued at $991,000.

Schwab U.S. Mid-Cap ETF Stock Down 0.5 %

Shares of NYSEARCA:SCHM opened at $28.67 on Wednesday. The company’s fifty day moving average is $28.60 and its 200 day moving average is $27.92. Schwab U.S. Mid-Cap ETF has a 52 week low of $24.64 and a 52 week high of $30.28. The stock has a market cap of $4.11 billion, a PE ratio of 16.47 and a beta of 1.09.

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.