Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Bought by Davis Capital Management

Davis Capital Management increased its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,845 shares of the company’s stock after buying an additional 3,230 shares during the quarter. Davis Capital Management’s holdings in Schwab U.S. Mid-Cap ETF were worth $134,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Cordant Inc. acquired a new position in Schwab U.S. Mid-Cap ETF during the 3rd quarter worth $30,000. Archer Investment Corp lifted its stake in 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 valued at $34,000 after purchasing an additional 393 shares during the last quarter. UMB Bank n.a. lifted its stake in Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. UMB Bank n.a. now owns 1,323 shares of the company’s stock valued at $37,000 after purchasing an additional 882 shares during the last quarter. Massmutual Trust Co. FSB ADV acquired a new stake in Schwab U.S. Mid-Cap ETF during the third quarter worth approximately $41,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,476 shares of the company’s stock worth $41,000 after purchasing an additional 984 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA:SCHM opened at $29.24 on Wednesday. The company has a fifty day moving average of $28.71 and a 200-day moving average of $27.66. Schwab U.S. Mid-Cap ETF has a 52-week low of $24.54 and a 52-week high of $30.28. The company has a market capitalization of $4.19 billion, a PE ratio of 16.47 and a beta of 1.09.

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.