Trust Point Inc. Acquires 256,593 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Trust Point Inc. increased its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 113.5% during the 4th quarter, HoldingsChannel reports. The fund owned 482,688 shares of the company’s stock after purchasing an additional 256,593 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for about 0.9% of Trust Point Inc.’s investment portfolio, making the stock its 15th largest holding. Trust Point Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $13,375,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Bush Investment Group LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 0.5% in the third quarter. Bush Investment Group LLC now owns 128,379 shares of the company’s stock valued at $10,667,000 after buying an additional 673 shares during the period. Denver PWM LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 2.8% in the third quarter. Denver PWM LLC now owns 204,460 shares of the company’s stock valued at $16,989,000 after buying an additional 5,553 shares during the period. Anchor Investment Management LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 1.6% in the third quarter. Anchor Investment Management LLC now owns 70,223 shares of the company’s stock valued at $5,835,000 after buying an additional 1,136 shares during the period. World Investment Advisors LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 10.5% in the third quarter. World Investment Advisors LLC now owns 7,893 shares of the company’s stock valued at $656,000 after buying an additional 747 shares during the period. Finally, Synovus Financial Corp lifted its stake in Schwab U.S. Mid-Cap ETF by 100.0% in the third quarter. Synovus Financial Corp now owns 15,250 shares of the company’s stock valued at $1,267,000 after buying an additional 7,626 shares during the period.

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

NYSEARCA:SCHM opened at $28.64 on Tuesday. Schwab U.S. Mid-Cap ETF has a 1-year low of $24.54 and a 1-year high of $30.28. The business’s 50-day moving average price is $28.73 and its two-hundred day moving average price is $27.83. The firm has a market capitalization of $4.11 billion, a price-to-earnings 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.