Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) is Arbor Trust Wealth Advisors LLC’s Largest Position

Arbor Trust Wealth Advisors LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 209.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 395,345 shares of the company’s stock after buying an additional 267,788 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for approximately 5.1% of Arbor Trust Wealth Advisors LLC’s holdings, making the stock its biggest position. Arbor Trust Wealth Advisors LLC owned approximately 0.28% of Schwab U.S. Mid-Cap ETF worth $10,955,000 at the end of the most recent quarter.

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

Schwab U.S. Mid-Cap ETF Price Performance

SCHM opened at $28.82 on Friday. The company has a market capitalization of $4.13 billion, a PE ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.24 and a fifty-two week high of $30.28. The business has a 50-day moving average of $28.72 and a 200-day moving average of $27.62.

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.