Envestnet Asset Management Inc. Increases Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Envestnet Asset Management Inc. lifted its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 244.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,592,106 shares of the company’s stock after purchasing an additional 1,838,677 shares during the quarter. Envestnet Asset Management Inc. owned about 1.81% of Schwab U.S. Mid-Cap ETF worth $71,827,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Von Berge Wealth Management Group LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 0.4% during the fourth quarter. Von Berge Wealth Management Group LLC now owns 115,341 shares of the company’s stock worth $3,368,000 after purchasing an additional 426 shares in the last quarter. Waterfront Wealth Inc. lifted its position in shares of Schwab U.S. Mid-Cap ETF by 0.7% during the fourth quarter. Waterfront Wealth Inc. now owns 65,765 shares of the company’s stock worth $1,822,000 after purchasing an additional 461 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 0.4% during the third quarter. MML Investors Services LLC now owns 137,556 shares of the company’s stock worth $11,430,000 after purchasing an additional 560 shares in the last quarter. Oarsman Capital Inc. lifted its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Oarsman Capital Inc. now owns 933 shares of the company’s stock worth $26,000 after purchasing an additional 622 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. lifted its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% during 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.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM opened at $25.09 on Thursday. The stock has a market capitalization of $10.24 billion, a PE ratio of 18.01 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 1 year low of $22.41 and a 1 year high of $30.28. The company’s 50-day simple moving average is $27.00 and its 200-day simple moving average is $27.95.

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 paid a dividend of $0.0776 per share. The ex-dividend date was Wednesday, March 26th.

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.