Manchester Financial Inc. Raises Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Manchester Financial Inc. lifted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 179.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 820,699 shares of the company’s stock after acquiring an additional 526,617 shares during the period. Schwab U.S. Mid-Cap ETF makes up 5.0% of Manchester Financial Inc.’s portfolio, making the stock its 5th largest holding. Manchester Financial Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $22,742,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SCHM. Farmers & Merchants Investments Inc. increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock worth $26,000 after purchasing an additional 634 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock valued at $27,000 after purchasing an additional 640 shares during the period. Cordant Inc. acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at $30,000. Archer Investment Corp lifted its position in 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 worth $34,000 after purchasing an additional 393 shares during the period. Finally, UMB Bank n.a. lifted its position in 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 worth $37,000 after purchasing an additional 882 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of Schwab U.S. Mid-Cap ETF stock opened at $28.82 on Friday. Schwab U.S. Mid-Cap ETF has a 52-week low of $24.64 and a 52-week high of $30.28. The firm has a market capitalization of $4.13 billion, a PE ratio of 16.47 and a beta of 1.09. The company’s fifty day moving average price is $28.55 and its two-hundred day moving average price is $27.94.

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.