Sheets Smith Wealth Management Purchases 45,904 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Sheets Smith Wealth Management grew its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 201.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 68,682 shares of the company’s stock after buying an additional 45,904 shares during the quarter. Sheets Smith Wealth Management’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,903,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Cordant Inc. purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at approximately $30,000. Archer Investment Corp boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 1,965.0% during the 3rd quarter. Archer Investment Corp now owns 413 shares of the company’s stock worth $34,000 after purchasing an additional 393 shares during the last quarter. UMB Bank n.a. raised its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. UMB Bank n.a. now owns 1,323 shares of the company’s stock valued at $37,000 after buying an additional 882 shares during the period. Massmutual Trust Co. FSB ADV acquired a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at approximately $41,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,476 shares of the company’s stock worth $41,000 after buying an additional 984 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 1.5 %

SCHM stock opened at $29.24 on Wednesday. The company’s 50 day moving average is $28.71 and its two-hundred day moving average is $27.66. The stock has a market cap of $4.19 billion, a P/E ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.54 and a twelve month 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.