Morris Financial Concepts Inc. Purchases 1,640 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Morris Financial Concepts Inc. boosted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,460 shares of the company’s stock after buying an additional 1,640 shares during the period. Morris Financial Concepts Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $68,000 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 SCHM. Farmers & Merchants Investments Inc. grew its stake in Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock valued at $26,000 after buying an additional 634 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock valued at $27,000 after buying an additional 640 shares during the last quarter. Cordant Inc. acquired a new position in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at about $30,000. Archer Investment Corp grew its stake 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 during the last quarter. Finally, UMB Bank n.a. grew its stake in Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. UMB Bank n.a. now owns 1,323 shares of the company’s stock valued at $37,000 after buying an additional 882 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM opened at $28.52 on Thursday. Schwab U.S. Mid-Cap ETF has a 52 week low of $24.64 and a 52 week high of $30.28. The firm has a market cap of $4.09 billion, a P/E ratio of 16.47 and a beta of 1.09. The firm’s 50-day simple moving average is $28.58 and its 200 day simple moving average is $27.93.

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.