Holderness Investments Co. Acquires 31,016 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Holderness Investments Co. lifted its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 198.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,683 shares of the company’s stock after acquiring an additional 31,016 shares during the period. Holderness Investments Co.’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,294,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SCHM. Natixis Advisors LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF in the third quarter worth about $919,000. PNC Financial Services Group Inc. lifted its position in shares of Schwab U.S. Mid-Cap ETF by 43.1% in the third quarter. PNC Financial Services Group Inc. now owns 33,691 shares of the company’s stock worth $2,799,000 after buying an additional 10,153 shares in the last quarter. Strategy Asset Managers LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter worth about $320,000. 49 Wealth Management LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter worth about $207,000. Finally, Biltmore Family Office LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 510.7% in the third quarter. Biltmore Family Office LLC now owns 7,335 shares of the company’s stock worth $609,000 after buying an additional 6,134 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 0.7 %

NYSEARCA:SCHM opened at $26.61 on Friday. The company has a market capitalization of $10.86 billion, a P/E ratio of 18.04 and a beta of 1.16. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.64 and a 12 month high of $30.28. The business’s 50-day moving average is $28.05 and its 200 day moving average is $28.10.

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.