Midwest Capital Advisors LLC Buys Shares of 38,988 Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Midwest Capital Advisors LLC purchased a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 38,988 shares of the company’s stock, valued at approximately $1,080,000. Schwab U.S. Mid-Cap ETF makes up 0.8% of Midwest Capital Advisors LLC’s holdings, making the stock its 22nd largest holding.

A number of other institutional investors have also modified their holdings of the company. Avior Wealth Management LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 0.3% in the 3rd quarter. Avior Wealth Management LLC now owns 110,412 shares of the company’s stock valued at $9,174,000 after buying an additional 357 shares in the last quarter. Archer Investment Corp boosted its holdings in shares of 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 in the last quarter. Schneider Downs Wealth Management Advisors LP boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 0.5% in the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 84,811 shares of the company’s stock valued at $7,047,000 after buying an additional 421 shares in the last quarter. Oldfather Financial Services LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 2.4% in the 3rd quarter. Oldfather Financial Services LLC now owns 17,891 shares of the company’s stock valued at $1,487,000 after buying an additional 422 shares in the last quarter. Finally, Waterfront Wealth Inc. boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 0.7% in the 4th quarter. Waterfront Wealth Inc. now owns 65,765 shares of the company’s stock valued at $1,822,000 after buying an additional 461 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

NYSEARCA:SCHM opened at $27.98 on Monday. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.64 and a fifty-two week high of $30.28. The stock has a market capitalization of $4.01 billion, a P/E ratio of 16.47 and a beta of 1.09. The company’s 50-day simple moving average is $28.46 and its 200-day simple moving average is $28.08.

Schwab U.S. Mid-Cap ETF 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.