Cerity Partners LLC Purchases 4,449,523 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Cerity Partners LLC lifted its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 196.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,714,292 shares of the company’s stock after buying an additional 4,449,523 shares during the quarter. Cerity Partners LLC owned about 4.68% of Schwab U.S. Mid-Cap ETF worth $186,110,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth approximately $66,000. Oarsman Capital Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Oarsman Capital Inc. now owns 933 shares of the company’s stock worth $26,000 after acquiring an additional 622 shares during the last quarter. Farmers & Merchants Investments Inc. raised its stake in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock valued at $26,000 after purchasing an additional 634 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock valued at $27,000 after purchasing an additional 640 shares during the last quarter. Finally, Truvestments Capital LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Truvestments Capital LLC now owns 984 shares of the company’s stock valued at $27,000 after purchasing an additional 656 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

NYSEARCA SCHM opened at $23.64 on Monday. The company’s fifty day moving average is $27.51 and its two-hundred day moving average is $28.09. The firm has a market capitalization of $9.65 billion, a price-to-earnings ratio of 18.01 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 52-week low of $23.19 and a 52-week high of $30.28.

Schwab U.S. Mid-Cap ETF Cuts Dividend

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