JM2 Capital Inc. Takes Position in Schwab U.S. Mid-Cap ETF $SCHM

JM2 Capital Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,443 shares of the company’s stock, valued at approximately $915,000.

Other hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the third quarter valued at about $30,000. Accredited Wealth Management LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 100.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock worth $30,000 after buying an additional 502 shares during the period. Ransom Advisory Ltd acquired a new position in Schwab U.S. Mid-Cap ETF in the 4th quarter worth approximately $32,000. Guerra Advisors Inc acquired a new position in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth approximately $33,000. Finally, Geneos Wealth Management Inc. increased its holdings in Schwab U.S. Mid-Cap ETF by 54.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,479 shares of the company’s stock worth $41,000 after buying an additional 519 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Up 1.5%

Shares of NYSEARCA:SCHM opened at $32.89 on Tuesday. Schwab U.S. Mid-Cap ETF has a twelve month low of $23.67 and a twelve month high of $33.18. The company’s 50 day moving average is $31.91 and its 200 day moving average is $30.86. The company has a market cap of $13.79 billion, a PE ratio of 18.83 and a beta of 1.05.

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.