Ameritas Advisory Services LLC Raises Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Ameritas Advisory Services LLC raised its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 355.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 118,290 shares of the company’s stock after purchasing an additional 92,300 shares during the period. Ameritas Advisory Services LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $3,278,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cordant Inc. purchased a new stake in Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $30,000. Archer Investment Corp raised its stake in shares of Schwab U.S. Mid-Cap ETF by 1,965.0% during the third quarter. Archer Investment Corp now owns 413 shares of the company’s stock worth $34,000 after purchasing an additional 393 shares during the last quarter. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the third quarter worth approximately $41,000. Hantz Financial Services Inc. raised its stake in shares of Schwab U.S. Mid-Cap ETF by 1,742.4% during the third quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock worth $51,000 after purchasing an additional 575 shares during the last quarter. Finally, Lowe Wealth Advisors LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Lowe Wealth Advisors LLC now owns 2,124 shares of the company’s stock worth $59,000 after purchasing an additional 1,416 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Schwab U.S. Mid-Cap ETF stock opened at $28.82 on Monday. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.24 and a 12 month high of $30.28. The business has a 50 day simple moving average of $28.72 and a 200-day simple moving average of $27.63. The stock has a market capitalization of $4.13 billion, a PE ratio of 16.47 and a beta of 1.09.

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.