Bcwm LLC Invests $714,000 in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Bcwm LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,774 shares of the company’s stock, valued at approximately $714,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. lifted its holdings in shares of 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 worth $26,000 after acquiring an additional 634 shares during the period. Geneos Wealth Management Inc. raised its stake in 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 purchasing an additional 640 shares during the period. Truvestments Capital LLC raised its stake in Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Truvestments Capital LLC now owns 984 shares of the company’s stock worth $27,000 after purchasing an additional 656 shares during the period. Blume Capital Management Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Blume Capital Management Inc. now owns 1,050 shares of the company’s stock valued at $29,000 after buying an additional 700 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,029 shares of the company’s stock valued at $29,000 after buying an additional 686 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Down 1.8 %

Shares of SCHM opened at $26.17 on Friday. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.64 and a twelve month high of $30.28. The firm has a market capitalization of $10.68 billion, a P/E ratio of 18.04 and a beta of 1.16. The stock’s fifty day simple moving average is $27.86 and its 200 day simple moving average is $28.13.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th will be issued a $0.0776 dividend. The ex-dividend date of this dividend 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.