Pegasus Asset Management Inc. Increases Stock Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Pegasus Asset Management Inc. increased its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 142.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 23,949 shares of the company’s stock after acquiring an additional 14,084 shares during the quarter. Pegasus Asset Management Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $664,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clear Point Advisors Inc. lifted its holdings in Schwab U.S. Mid-Cap ETF by 198.5% during the fourth quarter. Clear Point Advisors Inc. now owns 34,035 shares of the company’s stock valued at $943,000 after purchasing an additional 22,633 shares in the last quarter. Financial Management Network Inc. increased its position in Schwab U.S. Mid-Cap ETF by 201.3% in the fourth quarter. Financial Management Network Inc. now owns 7,851 shares of the company’s stock worth $220,000 after purchasing an additional 5,245 shares during the last quarter. Global Retirement Partners LLC increased its position in Schwab U.S. Mid-Cap ETF by 201.9% in the fourth quarter. Global Retirement Partners LLC now owns 86,891 shares of the company’s stock worth $2,408,000 after purchasing an additional 58,110 shares during the last quarter. Bigelow Investment Advisors LLC increased its position in Schwab U.S. Mid-Cap ETF by 192.2% in the fourth quarter. Bigelow Investment Advisors LLC now owns 35,703 shares of the company’s stock worth $989,000 after purchasing an additional 23,486 shares during the last quarter. Finally, Morton Brown Family Wealth LLC boosted its stake in Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 2,880 shares of the company’s stock worth $80,000 after buying an additional 1,920 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Up 0.6 %

NYSEARCA SCHM opened at $29.07 on Wednesday. The company has a fifty day moving average of $28.50 and a two-hundred day moving average of $27.99. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 52 week low of $24.64 and a 52 week 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.