Summit Financial LLC Boosts Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Summit Financial LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 181.7% during the fourth quarter, HoldingsChannel reports. The firm owned 65,281 shares of the company’s stock after purchasing an additional 42,103 shares during the quarter. Summit Financial LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,809,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farmers & Merchants Investments Inc. grew its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock worth $26,000 after buying an additional 634 shares during the period. Geneos Wealth Management Inc. grew its holdings in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock worth $27,000 after purchasing an additional 640 shares during the period. Truvestments Capital LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Truvestments Capital LLC now owns 984 shares of the company’s stock valued at $27,000 after purchasing an additional 656 shares in the last quarter. Blume Capital Management Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Blume Capital Management Inc. now owns 1,050 shares of the company’s stock worth $29,000 after buying an additional 700 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,029 shares of the company’s stock valued at $29,000 after buying an additional 686 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 0.4 %

NYSEARCA SCHM opened at $26.31 on Wednesday. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.64 and a 12 month high of $30.28. The stock’s fifty day moving average price is $27.75 and its 200-day moving average price is $28.13. The stock has a market cap of $10.74 billion, a P/E ratio of 18.01 and a beta of 1.09.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were paid a dividend of $0.0776 per share. The ex-dividend date was Wednesday, March 26th.

Schwab U.S. Mid-Cap ETF 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.