Element Wealth LLC Has $3.21 Million Stock Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Element Wealth LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 198.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 115,741 shares of the company’s stock after purchasing an additional 77,010 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for 1.7% of Element Wealth LLC’s portfolio, making the stock its 16th largest holding. Element Wealth LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $3,207,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Archer Investment Corp boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 1,965.0% in the 3rd quarter. Archer Investment Corp now owns 413 shares of the company’s stock worth $34,000 after acquiring an additional 393 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 1,742.4% in the 3rd 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 acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter worth approximately $66,000. Farmers & Merchants Investments Inc. boosted its holdings 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 worth $26,000 after acquiring an additional 634 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock worth $27,000 after acquiring an additional 640 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM opened at $27.98 on Friday. The company has a market capitalization of $4.01 billion, a P/E ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a one year low of $24.64 and a one year high of $30.28. The business’s 50 day simple moving average is $28.49 and its 200-day simple moving average is $28.02.

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.