Exchange Capital Management Inc. Has $3.21 Million Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Exchange Capital Management Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 150.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 115,813 shares of the company’s stock after purchasing an additional 69,524 shares during the period. Exchange Capital Management Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $3,209,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Archer Investment Corp lifted its position in shares of Schwab U.S. Mid-Cap ETF by 1,965.0% during the third quarter. Archer Investment Corp now owns 413 shares of the company’s stock worth $34,000 after purchasing an additional 393 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in Schwab U.S. Mid-Cap ETF by 1,742.4% in the third quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock valued at $51,000 after buying an additional 575 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $66,000. Farmers & Merchants Investments Inc. lifted its holdings in 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 valued at $26,000 after buying an additional 634 shares during the period. Finally, Geneos Wealth Management Inc. lifted 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 buying an additional 640 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA SCHM opened at $27.91 on Tuesday. The company’s 50 day simple moving average is $28.46 and its 200 day simple moving average is $28.08. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.64 and a fifty-two week high of $30.28. The firm has a market capitalization of $11.35 billion, a P/E ratio of 19.14 and a beta of 1.15.

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.