Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Acquired by Sheets Smith Wealth Management

Sheets Smith Wealth Management grew its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 201.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,682 shares of the company’s stock after buying an additional 45,904 shares during the quarter. Sheets Smith Wealth Management’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,903,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cordant Inc. acquired a new position in Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at approximately $30,000. Archer Investment Corp grew its position in Schwab U.S. Mid-Cap ETF by 1,965.0% during the 3rd quarter. Archer Investment Corp now owns 413 shares of the company’s stock worth $34,000 after purchasing an additional 393 shares in the last quarter. Massmutual Trust Co. FSB ADV purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at $41,000. Hantz Financial Services Inc. increased its holdings 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 acquiring an additional 575 shares during the last quarter. Finally, Global Wealth Strategies & Associates increased its position in 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 worth $61,000 after acquiring an additional 161 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Up 1.5 %

Shares of Schwab U.S. Mid-Cap ETF stock opened at $29.24 on Wednesday. Schwab U.S. Mid-Cap ETF has a 12-month low of $24.54 and a 12-month high of $30.28. The stock has a market capitalization of $4.19 billion, a P/E ratio of 16.47 and a beta of 1.09. The company has a 50-day simple moving average of $28.71 and a 200 day simple moving average of $27.66.

Schwab U.S. Mid-Cap ETF Company 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.