Sawgrass Asset Management LLC Buys 26,003 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Sawgrass Asset Management LLC grew its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 204.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,729 shares of the company’s stock after acquiring an additional 26,003 shares during the period. Sawgrass Asset Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,073,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of SCHM. Farmers & Merchants Investments Inc. grew 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 worth $26,000 after buying an additional 634 shares during the period. Geneos Wealth Management Inc. grew 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 worth $27,000 after buying an additional 640 shares during the period. Cordant Inc. acquired a new position in Schwab U.S. Mid-Cap ETF during the third quarter valued at approximately $30,000. Archer Investment Corp grew its holdings in 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 valued at $34,000 after purchasing an additional 393 shares during the period. Finally, UMB Bank n.a. grew its holdings in Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. UMB Bank n.a. now owns 1,323 shares of the company’s stock valued at $37,000 after purchasing an additional 882 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA SCHM opened at $28.52 on Thursday. The stock has a market cap of $4.09 billion, a P/E 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. The firm has a 50 day moving average price of $28.58 and a 200 day moving average price of $27.93.

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.