Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Acquired by RMR Wealth Builders

RMR Wealth Builders increased its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 494.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,773 shares of the company’s stock after purchasing an additional 26,432 shares during the quarter. RMR Wealth Builders’ holdings in Schwab U.S. Mid-Cap ETF were worth $880,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SCHM. Cordant Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at $30,000. Archer Investment Corp grew its position 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 valued at $34,000 after buying an additional 393 shares during the last quarter. Massmutual Trust Co. FSB ADV acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the third quarter worth about $41,000. Studio Investment Management LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at about $49,000. Finally, Hantz Financial Services Inc. boosted its position 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 valued at $51,000 after purchasing an additional 575 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Down 1.2 %

SCHM traded down $0.33 during trading on Friday, hitting $27.62. 1,238,661 shares of the stock were exchanged, compared to its average volume of 1,300,360. Schwab U.S. Mid-Cap ETF has a 1-year low of $24.17 and a 1-year high of $30.28. The stock has a fifty day moving average price of $28.74 and a two-hundred day moving average price of $27.51. The firm has a market capitalization of $3.96 billion, a P/E 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.