Sunburst Financial Group LLC Acquires 47,633 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Sunburst Financial Group LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 184.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,523 shares of the company’s stock after buying an additional 47,633 shares during the period. Sunburst Financial Group LLC owned about 0.05% of Schwab U.S. Mid-Cap ETF worth $2,037,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bush Investment Group LLC raised its holdings in 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 period. Denver PWM LLC raised its stake in shares of 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 period. Anchor Investment Management LLC raised 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 during the period. World Investment Advisors LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 10.5% during the 3rd 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 in the last quarter. Finally, Synovus Financial Corp grew its stake in shares of Schwab U.S. Mid-Cap ETF by 100.0% during the 3rd quarter. Synovus Financial Corp now owns 15,250 shares of the company’s stock valued at $1,267,000 after acquiring an additional 7,626 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Up 1.1 %

NYSEARCA SCHM opened at $28.82 on Friday. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.64 and a 12 month high of $30.28. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The company’s 50 day moving average is $28.55 and its two-hundred day moving average is $27.94.

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.