ARK & TLK Investments LLC Has $1.14 Million Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

ARK & TLK Investments LLC raised its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,001 shares of the company’s stock after buying an additional 27,334 shares during the quarter. ARK & TLK Investments LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,136,000 at the end of the most recent reporting period.

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

Schwab U.S. Mid-Cap ETF Stock Down 1.8 %

NYSEARCA SCHM opened at $26.17 on Friday. The stock has a market capitalization of $10.68 billion, a PE ratio of 18.04 and a beta of 1.16. Schwab U.S. Mid-Cap ETF has a 12-month low of $24.64 and a 12-month high of $30.28. The company has a 50 day moving average price of $27.86 and a two-hundred day moving average price of $28.13.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th will be issued a dividend of $0.0776 per share. The ex-dividend date of this dividend is Wednesday, March 26th.

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.