Fagan Associates Inc. Has $1.74 Million Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Fagan Associates Inc. lifted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 202.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,826 shares of the company’s stock after acquiring an additional 42,071 shares during the quarter. Fagan Associates Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,741,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Farmers & Merchants Investments Inc. increased its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock worth $26,000 after acquiring an additional 634 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of 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 worth $27,000 after acquiring an additional 640 shares during the last quarter. Cordant Inc. increased its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Cordant Inc. now owns 1,089 shares of the company’s stock worth $30,000 after acquiring an additional 726 shares during the last quarter. Archer Investment Corp increased its stake in shares of Schwab U.S. Mid-Cap ETF by 1,965.0% in the third quarter. Archer Investment Corp now owns 413 shares of the company’s stock worth $34,000 after acquiring an additional 393 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. UMB Bank n.a. now owns 1,323 shares of the company’s stock worth $37,000 after acquiring an additional 882 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 0.6 %

NYSEARCA SCHM opened at $29.07 on Wednesday. Schwab U.S. Mid-Cap ETF has a 1-year low of $24.64 and a 1-year high of $30.28. The company has a market capitalization of $4.17 billion, a PE ratio of 16.47 and a beta of 1.09. The firm’s fifty day simple moving average is $28.50 and its 200-day simple moving average is $27.99.

About Schwab U.S. Mid-Cap ETF

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.