Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Position Increased by Essex LLC

Essex LLC raised its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 582,375 shares of the company’s stock after buying an additional 388,671 shares during the period. Schwab U.S. Mid-Cap ETF makes up about 3.4% of Essex LLC’s portfolio, making the stock its 6th biggest holding. Essex LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $16,138,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Cordant Inc. purchased a new position in Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at about $30,000. Archer Investment Corp lifted its position 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 purchasing an additional 393 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Schwab U.S. Mid-Cap ETF by 1,742.4% during the third quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock worth $51,000 after purchasing an additional 575 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $66,000. Finally, Farmers & Merchants Investments Inc. grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock valued at $26,000 after purchasing an additional 634 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Down 0.9 %

Schwab U.S. Mid-Cap ETF stock opened at $28.75 on Friday. Schwab U.S. Mid-Cap ETF has a 52-week low of $24.64 and a 52-week high of $30.28. The firm has a market cap of $4.12 billion, a PE ratio of 16.47 and a beta of 1.09. The company’s 50 day moving average is $28.62 and its two-hundred day moving average is $27.89.

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.