WESCAP Management Group Inc. Increases Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

WESCAP Management Group Inc. boosted its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 275.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 181,748 shares of the company’s stock after acquiring an additional 133,385 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for approximately 1.2% of WESCAP Management Group Inc.’s portfolio, making the stock its 23rd largest holding. WESCAP Management Group Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $5,036,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. increased its position in shares of 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 valued at $26,000 after purchasing an additional 634 shares during the last quarter. Geneos Wealth Management Inc. grew its position 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 valued at $27,000 after acquiring an additional 640 shares during the last quarter. Truvestments Capital LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Truvestments Capital LLC now owns 984 shares of the company’s stock worth $27,000 after acquiring an additional 656 shares in the last quarter. Blume Capital Management Inc. lifted its holdings 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 worth $29,000 after acquiring an additional 700 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings 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 worth $29,000 after acquiring an additional 686 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM stock opened at $26.31 on Wednesday. The firm has a market cap of $10.74 billion, a P/E ratio of 18.01 and a beta of 1.09. The firm’s fifty day moving average is $27.75 and its 200 day moving average is $28.13. Schwab U.S. Mid-Cap ETF has a 52 week low of $24.64 and a 52 week high of $30.28.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were paid a dividend of $0.0776 per share. The ex-dividend date was 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.