Davis Capital Management Increases Stock Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Davis Capital Management grew its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,845 shares of the company’s stock after buying an additional 3,230 shares during the period. Davis Capital Management’s holdings in Schwab U.S. Mid-Cap ETF were worth $134,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Cordant Inc. bought a new stake in Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at about $30,000. Archer Investment Corp grew its stake in shares of Schwab U.S. Mid-Cap ETF by 1,965.0% during the third 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. UMB Bank n.a. raised its holdings in shares of 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 buying an additional 882 shares during the last quarter. Massmutual Trust Co. FSB ADV acquired a new stake in Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at approximately $41,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,476 shares of the company’s stock valued at $41,000 after acquiring an additional 984 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of Schwab U.S. Mid-Cap ETF stock opened at $29.24 on Wednesday. The business has a 50 day simple moving average of $28.71 and a two-hundred day simple moving average of $27.66. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.54 and a 12 month high of $30.28. The stock has a market capitalization of $4.19 billion, a P/E 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.