Chesapeake Wealth Management Has $984,000 Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Chesapeake Wealth Management lifted its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 190.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,522 shares of the company’s stock after purchasing an additional 23,311 shares during the quarter. Chesapeake Wealth Management’s holdings in Schwab U.S. Mid-Cap ETF were worth $984,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Global Wealth Strategies & Associates raised its position in shares of Schwab U.S. Mid-Cap ETF by 28.0% during the third quarter. Global Wealth Strategies & Associates now owns 735 shares of the company’s stock worth $61,000 after purchasing an additional 161 shares during the period. Centaurus Financial Inc. raised its position in shares of Schwab U.S. Mid-Cap ETF by 6.1% during the second quarter. Centaurus Financial Inc. now owns 3,622 shares of the company’s stock worth $282,000 after purchasing an additional 209 shares during the period. Avior Wealth Management LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 0.3% during the third quarter. Avior Wealth Management LLC now owns 110,412 shares of the company’s stock worth $9,174,000 after purchasing an additional 357 shares during the period. Cordant Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF during the third quarter worth about $30,000. Finally, Leisure Capital Management grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 1.2% during the third quarter. Leisure Capital Management now owns 31,790 shares of the company’s stock worth $2,641,000 after buying an additional 379 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

NYSEARCA:SCHM opened at $28.82 on Tuesday. The company has a market cap of $4.13 billion, a PE ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 52-week low of $24.24 and a 52-week high of $30.28. The stock has a 50-day simple moving average of $28.71 and a 200 day simple moving average of $27.66.

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.