Optimum Investment Advisors Boosts Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Optimum Investment Advisors boosted its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 202.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. increased its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock worth $26,000 after purchasing an additional 634 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock valued at $27,000 after purchasing an additional 640 shares during the period. Truvestments Capital LLC grew its stake in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Truvestments Capital LLC now owns 984 shares of the company’s stock worth $27,000 after buying an additional 656 shares during the last quarter. Blume Capital Management Inc. increased its position in Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Blume Capital Management Inc. now owns 1,050 shares of the company’s stock worth $29,000 after buying an additional 700 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,029 shares of the company’s stock valued at $29,000 after buying an additional 686 shares during the last quarter.

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

SCHM stock opened at $26.50 on Friday. The company has a market capitalization of $10.81 billion, a P/E ratio of 18.04 and a beta of 1.16. The business has a 50 day simple moving average of $28.03 and a 200-day simple moving average of $28.11. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.64 and a twelve month high of $30.28.

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.