118,028 Shares in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Acquired by May Hill Capital LLC

May Hill Capital LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 118,028 shares of the company’s stock, valued at approximately $3,271,000. Schwab U.S. Mid-Cap ETF accounts for 1.3% of May Hill Capital LLC’s holdings, making the stock its 17th largest position. May Hill Capital LLC owned 0.08% of Schwab U.S. Mid-Cap ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of SCHM. Financial Engines Advisors L.L.C. boosted its stake in Schwab U.S. Mid-Cap ETF by 129.1% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 59,401,539 shares of the company’s stock valued at $1,646,017,000 after acquiring an additional 33,472,238 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 209.3% in the 4th quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock worth $279,249,000 after purchasing an additional 6,819,239 shares in the last quarter. Advisory Alpha LLC grew its stake in Schwab U.S. Mid-Cap ETF by 195.3% during the 4th quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock worth $158,471,000 after buying an additional 3,782,365 shares during the last quarter. Legacy Wealth Management Inc increased its position in Schwab U.S. Mid-Cap ETF by 203.9% during the 4th quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock valued at $115,828,000 after buying an additional 2,804,735 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Schwab U.S. Mid-Cap ETF in the fourth quarter valued at about $67,051,000.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM stock opened at $26.20 on Tuesday. 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 firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of 18.01 and a beta of 1.09. The stock’s 50-day simple moving average is $27.81 and its 200-day simple moving average is $28.14.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.0776 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

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.