Clear Point Advisors Inc. Grows Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Clear Point Advisors Inc. lifted its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 198.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,035 shares of the company’s stock after buying an additional 22,633 shares during the quarter. Clear Point Advisors Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $943,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bush Investment Group LLC grew its position in Schwab U.S. Mid-Cap ETF by 0.5% during the third quarter. Bush Investment Group LLC now owns 128,379 shares of the company’s stock valued at $10,667,000 after acquiring an additional 673 shares during the last quarter. Denver PWM LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 2.8% in the 3rd quarter. Denver PWM LLC now owns 204,460 shares of the company’s stock worth $16,989,000 after purchasing an additional 5,553 shares during the last quarter. Anchor Investment Management LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 1.6% in the 3rd quarter. Anchor Investment Management LLC now owns 70,223 shares of the company’s stock worth $5,835,000 after purchasing an additional 1,136 shares during the last quarter. World Investment Advisors LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 10.5% in the 3rd quarter. World Investment Advisors LLC now owns 7,893 shares of the company’s stock worth $656,000 after purchasing an additional 747 shares during the last quarter. Finally, Synovus Financial Corp increased its holdings in Schwab U.S. Mid-Cap ETF by 100.0% in the 3rd quarter. Synovus Financial Corp now owns 15,250 shares of the company’s stock worth $1,267,000 after buying an additional 7,626 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

NYSEARCA SCHM opened at $29.07 on Wednesday. The stock has a 50-day moving average of $28.50 and a 200 day moving average of $27.99. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a one year low of $24.64 and a one year high of $30.28.

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.