Elmwood Wealth Management Inc. Boosts Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Elmwood Wealth Management Inc. increased its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHMFree Report) by 200.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,479 shares of the company’s stock after purchasing an additional 7,653 shares during the period. Elmwood Wealth Management Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $318,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Cordant Inc. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the third quarter valued at approximately $30,000. Archer Investment Corp boosted its position in Schwab U.S. Mid-Cap ETF by 1,965.0% during the 3rd quarter. Archer Investment Corp now owns 413 shares of the company’s stock valued at $34,000 after buying an additional 393 shares during the period. Massmutual Trust Co. FSB ADV bought a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth $41,000. Hantz Financial Services Inc. increased its position in shares of Schwab U.S. Mid-Cap ETF by 1,742.4% in the third quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock valued at $51,000 after acquiring an additional 575 shares during the period. Finally, Global Wealth Strategies & Associates raised its stake in shares of Schwab U.S. Mid-Cap ETF by 28.0% during the third quarter. Global Wealth Strategies & Associates now owns 735 shares of the company’s stock valued at $61,000 after acquiring an additional 161 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM stock traded up $0.16 on Monday, reaching $27.78. The company’s stock had a trading volume of 1,035,358 shares, compared to its average volume of 1,249,247. The business has a fifty day simple moving average of $28.74 and a two-hundred day simple moving average of $27.54. The firm has a market cap of $3.98 billion, a PE ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 12-month low of $24.17 and a 12-month high of $30.28.

Schwab U.S. Mid-Cap ETF Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

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