Contravisory Investment Management Inc. Buys 1,819 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Contravisory Investment Management Inc. lifted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 176.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,852 shares of the company’s stock after purchasing an additional 1,819 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $79,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Cordant Inc. purchased a new position in Schwab U.S. Mid-Cap ETF in the third quarter worth about $30,000. Archer Investment Corp raised its position in Schwab U.S. Mid-Cap ETF by 1,965.0% in the 3rd quarter. Archer Investment Corp now owns 413 shares of the company’s stock worth $34,000 after buying an additional 393 shares during the last quarter. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at about $41,000. Hantz Financial Services Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 1,742.4% in the third quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock worth $51,000 after acquiring an additional 575 shares during the period. Finally, Global Wealth Strategies & Associates raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 28.0% during the third quarter. Global Wealth Strategies & Associates now owns 735 shares of the company’s stock valued at $61,000 after purchasing an additional 161 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Up 0.7 %

Shares of Schwab U.S. Mid-Cap ETF stock opened at $28.70 on Friday. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.17 and a twelve month high of $30.28. The company’s 50 day moving average is $28.73 and its 200 day moving average is $27.59. The company has a market cap of $4.11 billion, a price-to-earnings 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.