Townsend Asset Management Corp NC ADV Grows Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Townsend Asset Management Corp NC ADV grew its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,237 shares of the company’s stock after buying an additional 17,508 shares during the period. Townsend Asset Management Corp NC ADV’s holdings in Schwab U.S. Mid-Cap ETF were worth $727,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farmers & Merchants Investments Inc. raised its position in 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 buying an additional 634 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock worth $27,000 after acquiring an additional 640 shares during the period. Cordant Inc. raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Cordant Inc. now owns 1,089 shares of the company’s stock worth $30,000 after purchasing an additional 726 shares during the last quarter. Noble Wealth Management PBC acquired a new position in Schwab U.S. Mid-Cap ETF during the fourth quarter valued at $30,000. Finally, Archer Investment Corp boosted its holdings 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 valued at $34,000 after purchasing an additional 393 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM opened at $27.19 on Thursday. The company has a market capitalization of $11.06 billion, a P/E ratio of 19.14 and a beta of 1.15. The business’s 50-day moving average is $28.38 and its two-hundred day moving average is $28.15. 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.