Envision Financial LLC Makes New Investment in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Envision Financial LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 143,198 shares of the company’s stock, valued at approximately $3,968,000. Schwab U.S. Mid-Cap ETF makes up approximately 3.2% of Envision Financial LLC’s holdings, making the stock its 9th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Cordant Inc. bought a new stake in Schwab U.S. Mid-Cap ETF during the third quarter valued at $30,000. Archer Investment Corp raised its position 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 period. Massmutual Trust Co. FSB ADV bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter worth approximately $41,000. Hantz Financial Services Inc. grew its stake in Schwab U.S. Mid-Cap ETF by 1,742.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock worth $51,000 after buying an additional 575 shares during the last quarter. Finally, Global Wealth Strategies & Associates grew its position in Schwab U.S. Mid-Cap ETF by 28.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 735 shares of the company’s stock worth $61,000 after purchasing an additional 161 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM stock traded up $0.02 on Monday, reaching $27.64. The company’s stock had a trading volume of 565,540 shares, compared to its average volume of 1,193,385. Schwab U.S. Mid-Cap ETF has a 52 week low of $24.17 and a 52 week high of $30.28. The firm has a fifty day moving average of $28.74 and a two-hundred day moving average of $27.54. The company 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 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.