Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Acquired by Newman Dignan & Sheerar Inc.

Newman Dignan & Sheerar Inc. grew its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 5.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 282,762 shares of the company’s stock after buying an additional 14,681 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for about 2.0% of Newman Dignan & Sheerar Inc.’s investment portfolio, making the stock its 10th biggest holding. Newman Dignan & Sheerar Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $7,835,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Farmers & Merchants Investments Inc. raised its holdings in Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock worth $26,000 after purchasing an additional 634 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock worth $27,000 after purchasing an additional 640 shares during the last quarter. Cordant Inc. acquired a new position in Schwab U.S. Mid-Cap ETF during the third quarter worth $30,000. Archer Investment Corp raised its holdings 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 worth $34,000 after purchasing an additional 393 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. UMB Bank n.a. now owns 1,323 shares of the company’s stock worth $37,000 after purchasing an additional 882 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM stock opened at $28.89 on Friday. The stock has a fifty day moving average price of $28.53 and a 200 day moving average price of $27.94. The stock has a market cap of $4.14 billion, a PE ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 1 year low of $24.64 and a 1 year high of $30.28.

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.