Sage Financial Management Group Inc. Buys 97,344 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Sage Financial Management Group Inc. increased its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 198.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 146,391 shares of the company’s stock after buying an additional 97,344 shares during the period. Schwab U.S. Mid-Cap ETF accounts for about 1.5% of Sage Financial Management Group Inc.’s portfolio, making the stock its 17th largest holding. Sage Financial Management Group Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $4,056,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Geneos Wealth Management Inc. boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock worth $27,000 after acquiring an additional 640 shares during the period. Cordant Inc. bought a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at $30,000. Archer Investment Corp grew its holdings in Schwab U.S. Mid-Cap ETF by 1,965.0% in the 3rd quarter. Archer Investment Corp now owns 413 shares of the company’s stock valued at $34,000 after buying an additional 393 shares in the last quarter. UMB Bank n.a. increased its position in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. UMB Bank n.a. now owns 1,323 shares of the company’s stock worth $37,000 after buying an additional 882 shares during the period. Finally, Massmutual Trust Co. FSB ADV acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the third quarter worth $41,000.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM stock opened at $28.90 on Thursday. Schwab U.S. Mid-Cap ETF has a 52 week low of $24.54 and a 52 week high of $30.28. The company has a market capitalization of $4.14 billion, a PE ratio of 16.47 and a beta of 1.09. The company’s 50-day simple moving average is $28.75 and its 200 day simple moving average is $27.79.

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.