Black Diamond Financial LLC Has $7.30 Million Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Black Diamond Financial LLC raised its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 199.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,445 shares of the company’s stock after buying an additional 175,331 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for 1.1% of Black Diamond Financial LLC’s holdings, making the stock its 27th biggest holding. Black Diamond Financial LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $7,300,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Delta Financial Group Inc. bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter valued at $813,000. Summit Asset Management LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 209.6% during the 4th quarter. Summit Asset Management LLC now owns 1,229,842 shares of the company’s stock valued at $34,079,000 after acquiring an additional 832,632 shares during the period. Stevens Capital Partners lifted its position in shares of Schwab U.S. Mid-Cap ETF by 263.6% during the 4th quarter. Stevens Capital Partners now owns 9,462 shares of the company’s stock valued at $262,000 after acquiring an additional 6,860 shares during the period. Sigma Investment Counselors Inc. lifted its position in shares of Schwab U.S. Mid-Cap ETF by 198.1% during the 4th quarter. Sigma Investment Counselors Inc. now owns 40,829 shares of the company’s stock valued at $1,131,000 after acquiring an additional 27,134 shares during the period. Finally, Elwood & Goetz Wealth Advisory Group LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 211.1% during the 4th quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,060,763 shares of the company’s stock valued at $29,394,000 after acquiring an additional 719,823 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

NYSEARCA:SCHM opened at $27.98 on Monday. The stock has a fifty day moving average price of $28.46 and a 200-day moving average price of $28.08. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. 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.