Palisade Asset Management LLC Makes New Investment in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Palisade Asset Management LLC acquired a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the 4th quarter, HoldingsChannel reports. The fund acquired 3,404 shares of the company’s stock, valued at approximately $256,000.

Other hedge funds have also recently modified their holdings of the company. Cerity Partners LLC boosted its position in Schwab U.S. Mid-Cap ETF by 1,509.2% in the 4th quarter. Cerity Partners LLC now owns 18,943,319 shares of the company’s stock worth $1,426,811,000 after purchasing an additional 17,766,110 shares in the last quarter. Financial Engines Advisors L.L.C. increased its holdings in Schwab U.S. Mid-Cap ETF by 9.1% in the third quarter. Financial Engines Advisors L.L.C. now owns 20,492,571 shares of the company’s stock valued at $1,386,937,000 after buying an additional 1,714,519 shares in the last quarter. Sheets Smith Wealth Management raised its position in shares of Schwab U.S. Mid-Cap ETF by 1,864.1% in the fourth quarter. Sheets Smith Wealth Management now owns 448,039 shares of the company’s stock worth $33,746,000 after acquiring an additional 425,228 shares during the period. Advocacy Wealth Management Services LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter worth about $26,898,000. Finally, Trust Point Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter valued at about $16,609,000.

Schwab U.S. Mid-Cap ETF Price Performance

NYSEARCA SCHM traded up $0.10 during trading hours on Tuesday, reaching $79.19. The company’s stock had a trading volume of 316,551 shares, compared to its average volume of 328,071. Schwab U.S. Mid-Cap ETF has a 1-year low of $62.87 and a 1-year high of $81.74. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The company’s 50-day moving average is $78.67 and its two-hundred day moving average is $74.34.

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.