Penobscot Investment Management Company Inc. Purchases 7,253 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Penobscot Investment Management Company Inc. increased its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,880 shares of the company’s stock after purchasing an additional 7,253 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $301,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Von Berge Wealth Management Group LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 0.4% during the 4th quarter. Von Berge Wealth Management Group LLC now owns 115,341 shares of the company’s stock valued at $3,368,000 after buying an additional 426 shares in the last quarter. Waterfront Wealth Inc. raised its stake in shares of Schwab U.S. Mid-Cap ETF by 0.7% during the fourth quarter. Waterfront Wealth Inc. now owns 65,765 shares of the company’s stock valued at $1,822,000 after acquiring an additional 461 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 3.5% in the third quarter. Kingsview Wealth Management LLC now owns 15,197 shares of the company’s stock valued at $1,263,000 after purchasing an additional 514 shares during the period. MML Investors Services LLC grew its stake in Schwab U.S. Mid-Cap ETF by 0.4% in the third quarter. MML Investors Services LLC now owns 137,556 shares of the company’s stock worth $11,430,000 after purchasing an additional 560 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in Schwab U.S. Mid-Cap ETF by 1,742.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock worth $51,000 after purchasing an additional 575 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Down 1.0 %

Shares of Schwab U.S. Mid-Cap ETF stock opened at $26.83 on Thursday. The stock’s fifty day moving average price is $27.96 and its 200-day moving average price is $28.12. The firm has a market cap of $10.95 billion, a P/E ratio of 18.04 and a beta of 1.16. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.64 and a 12 month high of $30.28.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th will be given a dividend of $0.0776 per share. The ex-dividend date is Wednesday, March 26th.

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.