Delta Financial Group Inc. Acquires New Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Delta Financial Group Inc. purchased a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 29,340 shares of the company’s stock, valued at approximately $813,000.

A number of other institutional investors also recently modified their holdings of the company. Archer Investment Corp raised its position in Schwab U.S. Mid-Cap ETF by 1,965.0% in the 3rd quarter. Archer Investment Corp now owns 413 shares of the company’s stock valued at $34,000 after buying an additional 393 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 1,742.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock worth $51,000 after acquiring an additional 575 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $66,000. Farmers & Merchants Investments Inc. lifted its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% in 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 in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock worth $27,000 after purchasing an additional 640 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 2.5 %

Schwab U.S. Mid-Cap ETF stock opened at $27.98 on Friday. The company has a fifty day simple moving average of $28.46 and a 200 day simple moving average of $28.04. 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 market cap of $4.01 billion, a P/E 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.