Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Purchased by ProVise Management Group LLC

ProVise Management Group LLC boosted its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 166.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 475,136 shares of the company’s stock after purchasing an additional 296,661 shares during the period. Schwab U.S. Mid-Cap ETF makes up about 1.1% of ProVise Management Group LLC’s portfolio, making the stock its 28th largest holding. ProVise Management Group LLC owned 0.33% of Schwab U.S. Mid-Cap ETF worth $13,166,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its position in shares of Schwab U.S. Mid-Cap ETF by 1,742.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock valued at $51,000 after acquiring an additional 575 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at $66,000. Farmers & Merchants Investments Inc. lifted its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock valued at $26,000 after acquiring an additional 634 shares during 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 acquiring an additional 640 shares during the last quarter. Finally, Truvestments Capital LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Truvestments Capital LLC now owns 984 shares of the company’s stock valued at $27,000 after acquiring an additional 656 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA:SCHM opened at $26.44 on Wednesday. Schwab U.S. Mid-Cap ETF has a one year low of $24.64 and a one year high of $30.28. The stock has a fifty day moving average of $28.10 and a 200-day moving average of $28.12. The company has a market capitalization of $10.79 billion, a PE ratio of 18.04 and a beta of 1.16.

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.