Econ Financial Services Corp Increases Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Econ Financial Services Corp boosted its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 188.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 62,826 shares of the company’s stock after acquiring an additional 41,069 shares during the period. Econ Financial Services Corp’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,741,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Avior Wealth Management LLC increased its stake in Schwab U.S. Mid-Cap ETF by 0.3% during the 3rd quarter. Avior Wealth Management LLC now owns 110,412 shares of the company’s stock valued at $9,174,000 after purchasing an additional 357 shares in the last quarter. Cordant Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter worth approximately $30,000. Leisure Capital Management boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 1.2% during the 3rd quarter. Leisure Capital Management now owns 31,790 shares of the company’s stock worth $2,641,000 after acquiring an additional 379 shares during the last quarter. Archer Investment Corp raised its position in shares of 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 valued at $34,000 after purchasing an additional 393 shares during the period. Finally, Schneider Downs Wealth Management Advisors LP grew its stake in Schwab U.S. Mid-Cap ETF by 0.5% during the third quarter. Schneider Downs Wealth Management Advisors LP now owns 84,811 shares of the company’s stock valued at $7,047,000 after acquiring an additional 421 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 0.6 %

Shares of NYSEARCA:SCHM opened at $28.81 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 company has a market cap of $4.13 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The company has a 50-day moving average price of $28.70 and a 200 day moving average price of $27.84.

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.