Patriot Investment Management Group Inc. Raises Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Patriot Investment Management Group Inc. grew its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 207.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 310,469 shares of the company’s stock after acquiring an additional 209,460 shares during the period. Schwab U.S. Mid-Cap ETF comprises 0.6% of Patriot Investment Management Group Inc.’s portfolio, making the stock its 25th largest holding. Patriot Investment Management Group Inc. owned 0.22% of Schwab U.S. Mid-Cap ETF worth $8,603,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cordant Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at about $30,000. Archer Investment Corp lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 1,965.0% in the third quarter. Archer Investment Corp now owns 413 shares of the company’s stock valued at $34,000 after purchasing an additional 393 shares during the period. UMB Bank n.a. lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. UMB Bank n.a. now owns 1,323 shares of the company’s stock valued at $37,000 after purchasing an additional 882 shares during the period. Massmutual Trust Co. FSB ADV acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at about $41,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,476 shares of the company’s stock valued at $41,000 after purchasing an additional 984 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Up 0.2 %

Shares of NYSEARCA SCHM opened at $29.19 on Friday. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The firm has a 50-day moving average price of $28.71 and a 200 day moving average price of $27.69. Schwab U.S. Mid-Cap ETF has a 52 week low of $24.54 and a 52 week high of $30.28.

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.