Lee Financial Co Purchases 218,748 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Lee Financial Co raised its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 197.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 329,647 shares of the company’s stock after acquiring an additional 218,748 shares during the period. Schwab U.S. Mid-Cap ETF makes up 1.3% of Lee Financial Co’s holdings, making the stock its 12th largest position. Lee Financial Co’s holdings in Schwab U.S. Mid-Cap ETF were worth $9,135,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. raised its stake in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock worth $26,000 after buying an additional 634 shares during the period. Geneos Wealth Management Inc. grew its stake in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock valued at $27,000 after purchasing an additional 640 shares in the last quarter. Cordant Inc. increased its holdings in Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Cordant Inc. now owns 1,089 shares of the company’s stock worth $30,000 after buying an additional 726 shares during the last quarter. Archer Investment Corp increased its stake 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 worth $34,000 after purchasing an additional 393 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. UMB Bank n.a. now owns 1,323 shares of the company’s stock valued at $37,000 after buying an additional 882 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of Schwab U.S. Mid-Cap ETF stock opened at $28.89 on Friday. The business has a fifty day simple moving average of $28.52 and a two-hundred day simple moving average of $27.97. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 1 year low of $24.64 and a 1 year high of $30.28.

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.