Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Position Increased by D.B. Root & Company LLC

D.B. Root & Company LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 345.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,244 shares of the company’s stock after purchasing an additional 62,230 shares during the quarter. D.B. Root & Company LLC owned approximately 0.06% of Schwab U.S. Mid-Cap ETF worth $2,224,000 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 SCHM. Cordant Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter worth approximately $30,000. Archer Investment Corp lifted its position in Schwab U.S. Mid-Cap ETF by 1,965.0% in the third quarter. Archer Investment Corp now owns 413 shares of the company’s stock worth $34,000 after purchasing an additional 393 shares during the period. Massmutual Trust Co. FSB ADV bought a new position in Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at $41,000. Hantz Financial Services Inc. increased 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 purchasing an additional 575 shares during the period. Finally, Global Wealth Strategies & Associates raised its stake in shares of Schwab U.S. Mid-Cap ETF by 28.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 735 shares of the company’s stock worth $61,000 after buying an additional 161 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Down 0.3 %

NYSEARCA:SCHM opened at $29.14 on Thursday. The business’s 50-day moving average price is $28.71 and its 200 day moving average price is $27.68. Schwab U.S. Mid-Cap ETF has a 52-week low of $24.54 and a 52-week high of $30.28. The firm has a market cap of $4.18 billion, a P/E ratio of 16.47 and a beta of 1.09.

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.