Thoroughbred Financial Services LLC Raises Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Thoroughbred Financial Services LLC grew its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHMFree Report) by 190.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 33,927 shares of the company’s stock after acquiring an additional 22,235 shares during the period. Thoroughbred Financial Services LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $940,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHM. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 183.3% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 24,059 shares of the company’s stock worth $667,000 after purchasing an additional 15,566 shares in the last quarter. Atlas Capital Advisors Inc. grew its holdings in Schwab U.S. Mid-Cap ETF by 215.5% during the 4th quarter. Atlas Capital Advisors Inc. now owns 133,225 shares of the company’s stock valued at $3,692,000 after buying an additional 90,997 shares in the last quarter. World Investment Advisors raised its position in shares of Schwab U.S. Mid-Cap ETF by 180.7% during the fourth quarter. World Investment Advisors now owns 22,152 shares of the company’s stock valued at $614,000 after buying an additional 14,259 shares during the last quarter. Biltmore Family Office LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Biltmore Family Office LLC now owns 22,005 shares of the company’s stock valued at $610,000 after buying an additional 14,670 shares during the last quarter. Finally, Milestone Investment Advisors LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 192.3% during the fourth quarter. Milestone Investment Advisors LLC now owns 400,108 shares of the company’s stock worth $11,087,000 after acquiring an additional 263,202 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM opened at $23.64 on Friday. The stock has a market capitalization of $9.65 billion, a price-to-earnings ratio of 18.01 and a beta of 1.09. The company has a fifty day moving average of $27.51 and a 200 day moving average of $28.08. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $23.19 and a fifty-two week high of $30.28.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were issued a $0.0776 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

About Schwab U.S. Mid-Cap ETF

(Free Report)

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.

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Institutional Ownership by Quarter for Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

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