Brand Asset Management Group Inc. Acquires 190,017 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Brand Asset Management Group Inc. increased its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 199.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 285,175 shares of the company’s stock after buying an additional 190,017 shares during the period. Schwab U.S. Mid-Cap ETF makes up 3.2% of Brand Asset Management Group Inc.’s holdings, making the stock its 11th biggest holding. Brand Asset Management Group Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $7,902,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. First National Bank of Mount Dora Trust Investment Services boosted its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 9,000 shares of the company’s stock worth $249,000 after purchasing an additional 6,000 shares during the last quarter. Relyea Zuckerberg Hanson LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 201.2% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 24,361 shares of the company’s stock valued at $675,000 after buying an additional 16,274 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 139.6% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 72,586 shares of the company’s stock worth $2,011,000 after buying an additional 42,288 shares during the last quarter. Procyon Advisors LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 203.6% during the 4th quarter. Procyon Advisors LLC now owns 7,721 shares of the company’s stock worth $214,000 after buying an additional 5,178 shares during the period. Finally, Total Wealth Planning LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 191.8% in the 4th quarter. Total Wealth Planning LLC now owns 11,148 shares of the company’s stock valued at $309,000 after acquiring an additional 7,327 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM opened at $28.82 on Friday. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.24 and a twelve month high of $30.28. The firm has a market cap of $4.13 billion, a PE ratio of 16.47 and a beta of 1.09. The firm’s fifty day moving average is $28.72 and its two-hundred day moving average is $27.61.

Schwab U.S. Mid-Cap ETF Company 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.