Souders Financial Advisors Increases Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Souders Financial Advisors raised its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 198.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,195 shares of the company’s stock after buying an additional 90,566 shares during the quarter. Souders Financial Advisors owned about 0.10% of Schwab U.S. Mid-Cap ETF worth $3,774,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Archer Investment Corp raised its holdings in Schwab U.S. Mid-Cap ETF by 1,965.0% in the 3rd quarter. Archer Investment Corp now owns 413 shares of the company’s stock valued at $34,000 after acquiring an additional 393 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of 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 purchasing an additional 575 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $66,000. Farmers & Merchants Investments Inc. lifted its position in Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock worth $26,000 after buying an additional 634 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock worth $27,000 after buying an additional 640 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Down 1.5 %

NYSEARCA SCHM opened at $26.84 on Wednesday. The business’s fifty day simple moving average is $28.40 and its 200-day simple moving average is $28.16. The firm has a market cap of $10.91 billion, a PE ratio of 19.14 and a beta of 1.15. Schwab U.S. Mid-Cap ETF has a 52 week low of $24.64 and a 52 week high of $30.28.

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.