American Money Management LLC Boosts Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

American Money Management LLC increased its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 204.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 245,912 shares of the company’s stock after buying an additional 165,036 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises approximately 1.3% of American Money Management LLC’s portfolio, making the stock its 25th largest position. American Money Management LLC owned about 0.17% of Schwab U.S. Mid-Cap ETF worth $6,814,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 18.1% in the 3rd quarter. FMR LLC now owns 28,711 shares of the company’s stock valued at $2,386,000 after purchasing an additional 4,407 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Schwab U.S. Mid-Cap ETF by 1,742.4% in the third quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock valued at $51,000 after buying an additional 575 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in Schwab U.S. Mid-Cap ETF by 3.0% in the third quarter. Rockefeller Capital Management L.P. now owns 122,508 shares of the company’s stock valued at $10,179,000 after buying an additional 3,563 shares during the last quarter. Captrust Financial Advisors boosted its stake in Schwab U.S. Mid-Cap ETF by 1.3% during the third quarter. Captrust Financial Advisors now owns 111,977 shares of the company’s stock worth $9,304,000 after buying an additional 1,384 shares during the period. Finally, Benjamin Edwards Inc. raised its stake in shares of Schwab U.S. Mid-Cap ETF by 9,262.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 95,400 shares of the company’s stock valued at $7,927,000 after acquiring an additional 94,381 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

NYSEARCA:SCHM opened at $26.17 on Friday. 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 company has a 50 day moving average price of $27.86 and a 200 day moving average price of $28.13. The stock has a market capitalization of $10.68 billion, a P/E ratio of 18.04 and a beta of 1.16.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th will be given a dividend of $0.0776 per share. The ex-dividend date is 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.