BlueChip Wealth Advisors LLC Boosts Stock Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

BlueChip Wealth Advisors LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 207.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 33,175 shares of the company’s stock after buying an additional 22,394 shares during the quarter. BlueChip Wealth Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $919,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Bush Investment Group LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 0.5% in the 3rd quarter. Bush Investment Group LLC now owns 128,379 shares of the company’s stock worth $10,667,000 after purchasing an additional 673 shares during the last quarter. Denver PWM LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 2.8% in the third quarter. Denver PWM LLC now owns 204,460 shares of the company’s stock worth $16,989,000 after buying an additional 5,553 shares during the last quarter. Anchor Investment Management LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 1.6% in the third quarter. Anchor Investment Management LLC now owns 70,223 shares of the company’s stock worth $5,835,000 after buying an additional 1,136 shares in the last quarter. World Investment Advisors LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 10.5% during the third quarter. World Investment Advisors LLC now owns 7,893 shares of the company’s stock valued at $656,000 after buying an additional 747 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of Schwab U.S. Mid-Cap ETF by 194.9% during the fourth quarter. US Bancorp DE now owns 45,010 shares of the company’s stock valued at $1,247,000 after acquiring an additional 29,745 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Down 1.8 %

Shares of NYSEARCA SCHM opened at $26.17 on Friday. The firm has a market cap of $10.68 billion, a P/E ratio of 18.04 and a beta of 1.16. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.64 and a twelve month high of $30.28. The company has a 50 day moving average of $27.86 and a 200 day moving average of $28.11.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th will be paid a $0.0776 dividend. The ex-dividend date of this dividend is Wednesday, March 26th.

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.