Evermay Wealth Management LLC increased its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 204.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 23,381 shares of the company’s stock after purchasing an additional 15,707 shares during the period. Evermay Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $648,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in SCHM. Cordant Inc. bought a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth approximately $30,000. Archer Investment Corp increased its position 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 acquiring an additional 393 shares during the last quarter. Massmutual Trust Co. FSB ADV bought a new position in Schwab U.S. Mid-Cap ETF in the third quarter valued at about $41,000. Hantz Financial Services Inc. boosted its position in 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 purchasing an additional 575 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at about $66,000.
Schwab U.S. Mid-Cap ETF Trading Down 0.9 %
SCHM opened at $28.94 on Friday. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The company’s 50 day moving average is $28.75 and its 200 day moving average is $27.80. Schwab U.S. Mid-Cap ETF has a 12-month low of $24.54 and a 12-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.
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Want to see what other hedge funds are holding SCHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report).
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