Prime Capital Investment Advisors LLC Grows Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Prime Capital Investment Advisors LLC increased its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 187.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,090,777 shares of the company’s stock after purchasing an additional 1,364,054 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up approximately 0.8% of Prime Capital Investment Advisors LLC’s portfolio, making the stock its 28th biggest holding. Prime Capital Investment Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $57,935,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SCHM. Von Berge Wealth Management Group LLC increased its stake 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 worth $3,368,000 after purchasing an additional 426 shares in the last quarter. Waterfront Wealth Inc. grew its stake in Schwab U.S. Mid-Cap ETF by 0.7% in the 4th quarter. Waterfront Wealth Inc. now owns 65,765 shares of the company’s stock valued at $1,822,000 after buying an additional 461 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 0.4% during the third quarter. MML Investors Services LLC now owns 137,556 shares of the company’s stock worth $11,430,000 after acquiring an additional 560 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings 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 worth $51,000 after acquiring an additional 575 shares during the period. Finally, Farmers & Merchants Investments Inc. grew its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth 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 opened at $26.17 on Friday. The stock’s 50-day simple moving average is $27.86 and its 200 day simple moving average is $28.11. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of 18.04 and a beta of 1.16. 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 declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th will be paid a $0.0776 dividend. The ex-dividend date of this dividend is Wednesday, March 26th.

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.