Simplicity Wealth LLC Takes $254,000 Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Simplicity Wealth LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,158 shares of the company’s stock, valued at approximately $254,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Archer Investment Corp grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 1,965.0% during the third quarter. Archer Investment Corp now owns 413 shares of the company’s stock valued at $34,000 after buying an additional 393 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 1,742.4% during the third quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock valued at $51,000 after buying an additional 575 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the third quarter valued at $66,000. Farmers & Merchants Investments Inc. grew 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 valued at $26,000 after buying an additional 634 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock valued at $27,000 after buying an additional 640 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 2.4 %

Shares of SCHM stock opened at $26.21 on Tuesday. The stock’s fifty day simple moving average is $28.30 and its 200-day simple moving average is $28.16. Schwab U.S. Mid-Cap ETF has a 1-year low of $24.64 and a 1-year high of $30.28. The company has a market capitalization of $10.66 billion, a price-to-earnings ratio of 19.14 and a beta of 1.15.

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.