Tandem Investment Partners LLC Invests $339,000 in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Tandem Investment Partners LLC acquired a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 12,229 shares of the company’s stock, valued at approximately $339,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Von Berge Wealth Management Group LLC lifted its stake in 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 buying an additional 426 shares in the last quarter. Waterfront Wealth Inc. raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 0.7% during the fourth 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 holdings in shares of Schwab U.S. Mid-Cap ETF by 0.4% in the third quarter. MML Investors Services LLC now owns 137,556 shares of the company’s stock valued at $11,430,000 after purchasing an additional 560 shares in the last quarter. Oarsman Capital Inc. lifted its stake 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 acquiring an additional 622 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its holdings in Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock worth $26,000 after purchasing an additional 634 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM opened at $23.45 on Tuesday. Schwab U.S. Mid-Cap ETF has a one year low of $22.41 and a one year high of $30.28. The company has a market cap of $9.57 billion, a PE ratio of 18.01 and a beta of 1.09. The firm has a 50-day moving average of $27.40 and a 200-day moving average of $28.06.

Schwab U.S. Mid-Cap ETF Cuts Dividend

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