Moisand Fitzgerald Tamayo LLC Raises Stock Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Moisand Fitzgerald Tamayo LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 182.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 289,878 shares of the company’s stock after purchasing an additional 187,278 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up about 1.1% of Moisand Fitzgerald Tamayo LLC’s holdings, making the stock its 17th biggest holding. Moisand Fitzgerald Tamayo LLC owned about 0.20% of Schwab U.S. Mid-Cap ETF worth $8,033,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Black Diamond Financial LLC increased its position in Schwab U.S. Mid-Cap ETF by 199.0% during the 4th quarter. Black Diamond Financial LLC now owns 263,445 shares of the company’s stock valued at $7,300,000 after purchasing an additional 175,331 shares during the period. Delta Financial Group Inc. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the 4th quarter worth about $813,000. Summit Asset Management LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 209.6% in the 4th quarter. Summit Asset Management LLC now owns 1,229,842 shares of the company’s stock worth $34,079,000 after buying an additional 832,632 shares during the period. Stevens Capital Partners grew its position in shares of Schwab U.S. Mid-Cap ETF by 263.6% in the 4th quarter. Stevens Capital Partners now owns 9,462 shares of the company’s stock worth $262,000 after buying an additional 6,860 shares during the period. Finally, Sigma Investment Counselors Inc. grew its position in shares of Schwab U.S. Mid-Cap ETF by 198.1% in the 4th quarter. Sigma Investment Counselors Inc. now owns 40,829 shares of the company’s stock worth $1,131,000 after buying an additional 27,134 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

NYSEARCA:SCHM opened at $27.98 on Monday. The firm’s 50-day moving average price is $28.46 and its 200-day moving average price is $28.08. The company has a market capitalization of $4.01 billion, a PE ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 1-year low of $24.64 and a 1-year high of $30.28.

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.