Powers Advisory Group LLC Increases Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Powers Advisory Group LLC increased its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 204.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 159,612 shares of the company’s stock after buying an additional 107,148 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises about 2.2% of Powers Advisory Group LLC’s portfolio, making the stock its 13th largest holding. Powers Advisory Group LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $4,423,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its holdings 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. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at about $30,000. Archer Investment Corp grew its position in 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. UMB Bank n.a. raised its stake in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. UMB Bank n.a. now owns 1,323 shares of the company’s stock valued at $37,000 after acquiring an additional 882 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV purchased a new position in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at $41,000.

Schwab U.S. Mid-Cap ETF Trading Up 1.0 %

Shares of SCHM stock opened at $29.20 on Friday. Schwab U.S. Mid-Cap ETF has a 12-month low of $24.54 and a 12-month high of $30.28. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The stock has a 50 day simple moving average of $28.75 and a 200-day simple moving average of $27.79.

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.