Lowe Brockenbrough & Co. Inc. Boosts Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Lowe Brockenbrough & Co. Inc. raised its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 188.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 164,187 shares of the company’s stock after buying an additional 107,345 shares during the period. Lowe Brockenbrough & Co. Inc. owned approximately 0.11% of Schwab U.S. Mid-Cap ETF worth $4,550,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Bush Investment Group LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 0.5% in the third quarter. Bush Investment Group LLC now owns 128,379 shares of the company’s stock valued at $10,667,000 after purchasing an additional 673 shares during the last quarter. Denver PWM LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 2.8% during the 3rd quarter. Denver PWM LLC now owns 204,460 shares of the company’s stock worth $16,989,000 after purchasing an additional 5,553 shares in the last quarter. Anchor Investment Management LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 1.6% during the 3rd quarter. Anchor Investment Management LLC now owns 70,223 shares of the company’s stock worth $5,835,000 after purchasing an additional 1,136 shares in the last quarter. World Investment Advisors LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 10.5% during the 3rd quarter. World Investment Advisors LLC now owns 7,893 shares of the company’s stock worth $656,000 after purchasing an additional 747 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of Schwab U.S. Mid-Cap ETF by 194.9% during the 4th quarter. US Bancorp DE now owns 45,010 shares of the company’s stock worth $1,247,000 after purchasing an additional 29,745 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM stock opened at $26.61 on Friday. The stock has a market capitalization of $10.86 billion, a P/E ratio of 18.04 and a beta of 1.16. Schwab U.S. Mid-Cap ETF has a one year low of $24.64 and a one year high of $30.28. The company has a 50 day moving average price of $28.05 and a two-hundred day moving average price of $28.10.

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.