Jacobs Equity LLC purchased a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 90,445 shares of the company’s stock, valued at approximately $2,720,000. Schwab U.S. Mid-Cap ETF makes up approximately 2.6% of Jacobs Equity LLC’s investment portfolio, making the stock its 8th biggest holding.
Other hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter worth approximately $30,000. Accredited Wealth Management LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 100.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock valued at $30,000 after buying an additional 502 shares in the last quarter. Kingdom Financial Group LLC. purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the 4th quarter valued at $31,000. Ransom Advisory Ltd purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the 4th quarter valued at $32,000. Finally, International Assets Investment Management LLC acquired a new stake in Schwab U.S. Mid-Cap ETF during the 4th quarter worth $36,000.
Schwab U.S. Mid-Cap ETF Price Performance
NYSEARCA SCHM opened at $36.09 on Friday. The company has a fifty day moving average of $34.42 and a two-hundred day moving average of $32.49. The company has a market capitalization of $15.16 billion, a PE ratio of 18.83 and a beta of 1.04. Schwab U.S. Mid-Cap ETF has a 1 year low of $27.10 and a 1 year high of $36.65.
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.
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