Avidian Wealth Enterprises LLC Has $1.74 Million Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Avidian Wealth Enterprises LLC increased its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,909 shares of the company’s stock after purchasing an additional 41,941 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,743,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHM. Cordant Inc. acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter worth approximately $30,000. Archer Investment Corp grew its position in Schwab U.S. Mid-Cap ETF by 1,965.0% in 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 period. Hantz Financial Services Inc. raised its stake in Schwab U.S. Mid-Cap ETF by 1,742.4% during 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Schwab U.S. Mid-Cap ETF during the third quarter valued at $66,000. Finally, Farmers & Merchants Investments Inc. boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock valued at $26,000 after purchasing an additional 634 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM opened at $28.67 on Wednesday. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The firm’s 50-day simple moving average is $28.60 and its 200-day simple moving average is $27.92. 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 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.