Burns Matteson Capital Management LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 200.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 34,996 shares of the company’s stock after buying an additional 23,360 shares during the period. Burns Matteson Capital Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $970,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of SCHM. Farmers & Merchants Investments Inc. boosted its position in Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock worth $26,000 after purchasing an additional 634 shares in the last quarter. Geneos Wealth Management Inc. lifted its position 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 valued at $27,000 after buying an additional 640 shares in the last quarter. Cordant Inc. acquired a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at $30,000. Archer Investment Corp increased its holdings in Schwab U.S. Mid-Cap ETF by 1,965.0% in the 3rd quarter. Archer Investment Corp now owns 413 shares of the company’s stock worth $34,000 after acquiring an additional 393 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. UMB Bank n.a. now owns 1,323 shares of the company’s stock worth $37,000 after acquiring an additional 882 shares in the last quarter.
Schwab U.S. Mid-Cap ETF Stock Down 0.9 %
SCHM opened at $28.75 on Monday. The firm’s fifty day simple moving average is $28.62 and its two-hundred day simple moving average is $27.89. 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 market cap of $4.12 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.
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.
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