MeadowBrook Investment Advisors LLC Acquires 9,020 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

MeadowBrook Investment Advisors LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 186.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 13,850 shares of the company’s stock after buying an additional 9,020 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $384,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new position in Schwab U.S. Mid-Cap ETF during the second quarter worth about $486,000. Procyon Advisors LLC bought a new position in Schwab U.S. Mid-Cap ETF during the 3rd quarter worth approximately $211,000. Clayton Financial Group LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 12.9% during the third quarter. Clayton Financial Group LLC now owns 28,604 shares of the company’s stock valued at $2,377,000 after purchasing an additional 3,273 shares during the period. Zhang Financial LLC increased its stake in Schwab U.S. Mid-Cap ETF by 18.9% in the third quarter. Zhang Financial LLC now owns 36,119 shares of the company’s stock valued at $3,001,000 after purchasing an additional 5,749 shares in the last quarter. Finally, Peak Financial Management Inc. raised its holdings in Schwab U.S. Mid-Cap ETF by 0.9% in the third quarter. Peak Financial Management Inc. now owns 124,130 shares of the company’s stock worth $10,314,000 after purchasing an additional 1,076 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Down 0.5 %

Shares of NYSEARCA SCHM opened at $28.67 on Wednesday. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.64 and a twelve month high of $30.28. The company’s fifty day moving average is $28.60 and its 200-day moving average is $27.92. The stock has a market cap of $4.11 billion, a price-to-earnings 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.