Manchester Financial Inc. Grows Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Manchester Financial Inc. increased its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 179.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 820,699 shares of the company’s stock after purchasing an additional 526,617 shares during the period. Schwab U.S. Mid-Cap ETF makes up 5.0% of Manchester Financial Inc.’s investment portfolio, making the stock its 5th biggest holding. Manchester Financial Inc. owned 0.57% of Schwab U.S. Mid-Cap ETF worth $22,742,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bush Investment Group LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 0.5% during the 3rd quarter. Bush Investment Group LLC now owns 128,379 shares of the company’s stock worth $10,667,000 after acquiring an additional 673 shares in the last quarter. Denver PWM LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 2.8% in the 3rd quarter. Denver PWM LLC now owns 204,460 shares of the company’s stock worth $16,989,000 after purchasing an additional 5,553 shares during the last quarter. Anchor Investment Management LLC boosted its position in Schwab U.S. Mid-Cap ETF by 1.6% during the third quarter. Anchor Investment Management LLC now owns 70,223 shares of the company’s stock worth $5,835,000 after purchasing an additional 1,136 shares during the period. World Investment Advisors LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 10.5% during the third quarter. World Investment Advisors LLC now owns 7,893 shares of the company’s stock valued at $656,000 after purchasing an additional 747 shares during the last quarter. Finally, Synovus Financial Corp raised its position in shares of Schwab U.S. Mid-Cap ETF by 100.0% in the third quarter. Synovus Financial Corp now owns 15,250 shares of the company’s stock valued at $1,267,000 after purchasing an additional 7,626 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Up 1.1 %

NYSEARCA SCHM opened at $28.82 on Friday. Schwab U.S. Mid-Cap ETF has a 1 year low of $24.64 and a 1 year high of $30.28. The company has a fifty day simple moving average of $28.55 and a 200 day simple moving average of $27.94. The company has a market cap of $4.13 billion, a P/E ratio of 16.47 and a beta of 1.09.

About Schwab U.S. Mid-Cap ETF

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.