MeadowBrook Investment Advisors LLC Purchases 9,020 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

MeadowBrook Investment Advisors LLC grew its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 186.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,850 shares of the company’s stock after acquiring an additional 9,020 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $384,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SCHM. Avior Wealth Management LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 0.3% during the third quarter. Avior Wealth Management LLC now owns 110,412 shares of the company’s stock worth $9,174,000 after purchasing an additional 357 shares during the last quarter. Cordant Inc. acquired a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at about $30,000. Leisure Capital Management lifted its position in shares of Schwab U.S. Mid-Cap ETF by 1.2% during the third quarter. Leisure Capital Management now owns 31,790 shares of the company’s stock worth $2,641,000 after purchasing an additional 379 shares in the last quarter. Archer Investment Corp grew its stake in shares of Schwab U.S. Mid-Cap ETF by 1,965.0% during 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 last quarter. Finally, Schneider Downs Wealth Management Advisors LP increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 0.5% in the third quarter. Schneider Downs Wealth Management Advisors LP now owns 84,811 shares of the company’s stock valued at $7,047,000 after purchasing an additional 421 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM stock opened at $28.67 on Wednesday. The stock has a market capitalization of $4.11 billion, a PE ratio of 16.47 and a beta of 1.09. The company has a 50 day moving average price of $28.60 and a 200 day moving average price of $27.92. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.64 and a fifty-two 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.