Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Bought by Optimum Investment Advisors

Optimum Investment Advisors lifted its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 202.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,356 shares of the company’s stock after purchasing an additional 6,935 shares during the quarter. Optimum Investment Advisors’ holdings in Schwab U.S. Mid-Cap ETF were worth $287,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in SCHM. Natixis Advisors LLC purchased a new position in Schwab U.S. Mid-Cap ETF in the third quarter valued at $919,000. PNC Financial Services Group Inc. raised its position in Schwab U.S. Mid-Cap ETF by 43.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 33,691 shares of the company’s stock valued at $2,799,000 after purchasing an additional 10,153 shares in the last quarter. 49 Wealth Management LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at about $207,000. Nwam LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at about $693,000. Finally, Cerity Partners LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 14.6% during the third quarter. Cerity Partners LLC now owns 2,264,769 shares of the company’s stock worth $188,180,000 after buying an additional 287,937 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Down 0.4 %

Shares of NYSEARCA:SCHM opened at $26.50 on Friday. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.64 and a fifty-two week high of $30.28. The firm’s 50 day moving average price is $28.03 and its 200 day moving average price is $28.11. The stock has a market cap of $10.81 billion, a price-to-earnings ratio of 18.04 and a beta of 1.16.

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.