Bank of New York Mellon Corp Purchases 26,801 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Bank of New York Mellon Corp boosted its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 522.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 31,928 shares of the company’s stock after buying an additional 26,801 shares during the quarter. Bank of New York Mellon Corp’s holdings in Schwab U.S. Mid-Cap ETF were worth $885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in SCHM. Waterfront Wealth Inc. grew its stake in Schwab U.S. Mid-Cap ETF by 0.7% in the 4th quarter. Waterfront Wealth Inc. now owns 65,765 shares of the company’s stock valued at $1,822,000 after buying an additional 461 shares during the last quarter. Kingsview Wealth Management LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 3.5% during the third quarter. Kingsview Wealth Management LLC now owns 15,197 shares of the company’s stock worth $1,263,000 after acquiring an additional 514 shares during the period. MML Investors Services LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 0.4% in the third quarter. MML Investors Services LLC now owns 137,556 shares of the company’s stock valued at $11,430,000 after purchasing an additional 560 shares during the last quarter. Hantz Financial Services Inc. increased its stake in shares of Schwab U.S. Mid-Cap ETF by 1,742.4% during the third quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock worth $51,000 after purchasing an additional 575 shares during the period. Finally, Farmers & Merchants Investments Inc. lifted its holdings in 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 purchasing an additional 634 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

NYSEARCA:SCHM opened at $27.11 on Wednesday. Schwab U.S. Mid-Cap ETF has a 52 week low of $24.64 and a 52 week high of $30.28. The firm’s 50-day simple moving average is $27.99 and its 200 day simple moving average is $28.13. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 18.04 and a beta of 1.16.

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.