North Forty Two & Co. Takes $999,000 Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

North Forty Two & Co. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 36,050 shares of the company’s stock, valued at approximately $999,000. Schwab U.S. Mid-Cap ETF makes up approximately 1.2% of North Forty Two & Co.’s investment portfolio, making the stock its 28th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHM. Natixis Advisors LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF during the third quarter valued at $919,000. St. Louis Trust Co lifted its holdings in Schwab U.S. Mid-Cap ETF by 25.1% in the third quarter. St. Louis Trust Co now owns 25,194 shares of the company’s stock valued at $2,093,000 after acquiring an additional 5,059 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Schwab U.S. Mid-Cap ETF by 43.1% in the third quarter. PNC Financial Services Group Inc. now owns 33,691 shares of the company’s stock valued at $2,799,000 after acquiring an additional 10,153 shares during the period. Avior Wealth Management LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 0.3% in the third quarter. Avior Wealth Management LLC now owns 110,412 shares of the company’s stock valued at $9,174,000 after acquiring an additional 357 shares during the period. Finally, Strategy Asset Managers LLC bought a new position in Schwab U.S. Mid-Cap ETF in the third quarter valued at about $320,000.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM stock opened at $26.44 on Wednesday. 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 business’s 50-day moving average is $28.10 and its two-hundred day moving average is $28.12. The company has a market cap of $10.79 billion, a price-to-earnings ratio of 18.04 and a beta of 1.16.

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.