Asset Dedication LLC increased its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 200.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,889 shares of the company’s stock after acquiring an additional 1,926 shares during the quarter. Asset Dedication LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $80,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of SCHM. Cordant Inc. bought a new position in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at $30,000. Archer Investment Corp boosted its stake in 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 buying an additional 393 shares during the period. Massmutual Trust Co. FSB ADV purchased a new position in Schwab U.S. Mid-Cap ETF during the third quarter worth about $41,000. Hantz Financial Services Inc. increased its stake in 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 worth $51,000 after acquiring an additional 575 shares during the last quarter. Finally, Global Wealth Strategies & Associates raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 28.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 735 shares of the company’s stock valued at $61,000 after acquiring an additional 161 shares in the last quarter.
Schwab U.S. Mid-Cap ETF Trading Up 1.0 %
Shares of SCHM opened at $29.20 on Friday. The stock has a 50-day moving average price of $28.75 and a 200-day moving average price of $27.79. The company has a market cap of $4.19 billion, a PE ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 12-month low of $24.54 and a 12-month high of $30.28.
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.
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