May Barnhard Investments LLC Takes $7.24 Million Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

May Barnhard Investments LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 261,314 shares of the company’s stock, valued at approximately $7,241,000. Schwab U.S. Mid-Cap ETF accounts for 3.4% of May Barnhard Investments LLC’s holdings, making the stock its 7th largest position. May Barnhard Investments LLC owned 0.18% of Schwab U.S. Mid-Cap ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. HighTower Advisors LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 209.3% in the 4th quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock worth $279,249,000 after purchasing an additional 6,819,239 shares in the last quarter. Advisory Alpha LLC increased its position in shares of Schwab U.S. Mid-Cap ETF by 195.3% in the 4th quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock valued at $158,471,000 after acquiring an additional 3,782,365 shares during the period. Legacy Wealth Management Inc raised its stake in Schwab U.S. Mid-Cap ETF by 203.9% in the 4th quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock worth $115,828,000 after acquiring an additional 2,804,735 shares during the last quarter. Fragasso Financial Advisors Inc lifted its position in Schwab U.S. Mid-Cap ETF by 201.2% during the 4th quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock worth $92,695,000 after acquiring an additional 2,234,519 shares during the period. Finally, JMG Financial Group Ltd. grew its stake in Schwab U.S. Mid-Cap ETF by 196.9% during the 4th quarter. JMG Financial Group Ltd. now owns 2,881,771 shares of the company’s stock valued at $79,854,000 after purchasing an additional 1,910,992 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM stock opened at $25.58 on Friday. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.64 and a fifty-two week high of $30.28. The firm has a market capitalization of $10.40 billion, a PE ratio of 19.14 and a beta of 1.15. The stock’s 50-day simple moving average is $28.19 and its 200-day simple moving average is $28.12.

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.