Meridian Wealth Management LLC Increases Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Meridian Wealth Management LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 213.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,010 shares of the company’s stock after purchasing an additional 172,877 shares during the period. Meridian Wealth Management LLC owned about 0.18% of Schwab U.S. Mid-Cap ETF worth $7,039,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SCHM. Farmers & Merchants Investments Inc. boosted its holdings in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock valued at $26,000 after purchasing an additional 634 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of 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 period. Cordant Inc. grew its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Cordant Inc. now owns 1,089 shares of the company’s stock worth $30,000 after buying an additional 726 shares in the last quarter. Noble Wealth Management PBC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth approximately $30,000. Finally, Archer Investment Corp raised its holdings in Schwab U.S. Mid-Cap ETF by 1,965.0% in the third quarter. Archer Investment Corp now owns 413 shares of the company’s stock valued at $34,000 after acquiring an additional 393 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Up 1.1 %

Shares of Schwab U.S. Mid-Cap ETF stock opened at $27.89 on Monday. Schwab U.S. Mid-Cap ETF has a 52-week low of $24.64 and a 52-week high of $30.28. The company has a 50 day moving average of $28.43 and a 200 day moving average of $28.15. The company has a market capitalization of $11.34 billion, a P/E ratio of 19.14 and a beta of 1.15.

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.