Rockbridge Investment Management LCC Purchases 5,044 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Rockbridge Investment Management LCC boosted its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,566 shares of the company’s stock after buying an additional 5,044 shares during the quarter. Rockbridge Investment Management LCC’s holdings in Schwab U.S. Mid-Cap ETF were worth $210,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. raised its stake in shares of 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 valued at $26,000 after acquiring an additional 634 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th 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. Truvestments Capital LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Truvestments Capital LLC now owns 984 shares of the company’s stock worth $27,000 after buying an additional 656 shares during the period. Blume Capital Management Inc. grew its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Blume Capital Management Inc. now owns 1,050 shares of the company’s stock valued at $29,000 after buying an additional 700 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,029 shares of the company’s stock valued at $29,000 after buying an additional 686 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM opened at $26.83 on Thursday. The business has a 50-day moving average of $27.96 and a 200-day moving average of $28.12. The company has a market capitalization of $10.95 billion, a price-to-earnings ratio of 18.04 and a beta of 1.16. 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 Cuts Dividend

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

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.