May Hill Capital LLC Buys New Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

May Hill Capital LLC purchased a new position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 118,028 shares of the company’s stock, valued at approximately $3,271,000. Schwab U.S. Mid-Cap ETF accounts for approximately 1.3% of May Hill Capital LLC’s holdings, making the stock its 17th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of SCHM. Hantz Financial Services Inc. lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 1,742.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock valued at $51,000 after buying an additional 575 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Schwab U.S. Mid-Cap ETF during the third quarter valued at approximately $66,000. Farmers & Merchants Investments Inc. lifted its holdings in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock valued at $26,000 after acquiring an additional 634 shares during the period. Geneos Wealth Management Inc. boosted its position in Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock worth $27,000 after purchasing an additional 640 shares in the last quarter. Finally, Truvestments Capital LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Truvestments Capital LLC now owns 984 shares of the company’s stock worth $27,000 after purchasing an additional 656 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

NYSEARCA:SCHM opened at $26.20 on Tuesday. The company has a 50 day moving average price of $27.81 and a 200-day moving average price of $28.14. Schwab U.S. Mid-Cap ETF has a 1-year low of $24.64 and a 1-year high of $30.28. The firm has a market cap of $10.69 billion, a price-to-earnings ratio of 18.01 and a beta of 1.09.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were given a $0.0776 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

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.