MBA Advisors LLC Grows Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

MBA Advisors LLC raised its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 196.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 89,787 shares of the company’s stock after acquiring an additional 59,506 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up 1.2% of MBA Advisors LLC’s holdings, making the stock its 22nd largest holding. MBA Advisors LLC owned about 0.06% of Schwab U.S. Mid-Cap ETF worth $2,488,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cordant Inc. bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at about $30,000. Archer Investment Corp raised its stake 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 acquiring an additional 393 shares in the last quarter. Hantz Financial Services Inc. increased its position 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 worth $51,000 after purchasing an additional 575 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Schwab U.S. Mid-Cap ETF in the third quarter valued at about $66,000. Finally, Farmers & Merchants Investments Inc. raised its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock valued at $26,000 after purchasing an additional 634 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 0.9 %

NYSEARCA:SCHM opened at $28.75 on Monday. The firm has a fifty day simple moving average of $28.62 and a 200-day simple moving average of $27.89. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.64 and a 12 month high of $30.28. The company has a market capitalization of $4.12 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.