Bernard Wealth Management Corp. Buys Shares of 101,723 Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Bernard Wealth Management Corp. purchased a new position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the fourth quarter, Holdings Channel.com reports. The fund purchased 101,723 shares of the company’s stock, valued at approximately $2,819,000. Schwab U.S. Mid-Cap ETF accounts for 2.0% of Bernard Wealth Management Corp.’s portfolio, making the stock its 13th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Von Berge Wealth Management Group LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 0.4% in the fourth quarter. Von Berge Wealth Management Group LLC now owns 115,341 shares of the company’s stock valued at $3,368,000 after purchasing an additional 426 shares in the last quarter. Waterfront Wealth Inc. increased its holdings in Schwab U.S. Mid-Cap ETF by 0.7% during the 4th quarter. Waterfront Wealth Inc. now owns 65,765 shares of the company’s stock worth $1,822,000 after acquiring an additional 461 shares during the period. MML Investors Services LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 0.4% in the 3rd quarter. MML Investors Services LLC now owns 137,556 shares of the company’s stock worth $11,430,000 after purchasing an additional 560 shares in the last quarter. Oarsman Capital Inc. boosted its holdings in Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Oarsman Capital Inc. now owns 933 shares of the company’s stock valued at $26,000 after purchasing an additional 622 shares during the period. Finally, Farmers & Merchants Investments Inc. grew 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 in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM stock opened at $23.45 on Tuesday. The company has a market capitalization of $9.57 billion, a PE ratio of 18.01 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 52-week low of $22.41 and a 52-week high of $30.28. The business’s fifty day moving average is $27.40 and its 200 day moving average is $28.06.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were issued a $0.0776 dividend. The ex-dividend date was Wednesday, March 26th.

About Schwab U.S. Mid-Cap ETF

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.