Arrowroot Family Office LLC Buys 56,252 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Arrowroot Family Office LLC boosted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 133.4% during the 4th quarter, HoldingsChannel reports. The fund owned 98,415 shares of the company’s stock after acquiring an additional 56,252 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises 1.4% of Arrowroot Family Office LLC’s investment portfolio, making the stock its 21st largest position. Arrowroot Family Office LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $2,727,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. lifted its holdings in shares of 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 in the last quarter. Oarsman Capital Inc. raised its position in Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Oarsman Capital Inc. now owns 933 shares of the company’s stock valued at $26,000 after buying an additional 622 shares during the last quarter. Geneos Wealth Management Inc. raised its position in 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 last quarter. Truvestments Capital LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Truvestments Capital LLC now owns 984 shares of the company’s stock valued at $27,000 after acquiring an additional 656 shares in the last quarter. Finally, Blume Capital Management Inc. boosted its position in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Blume Capital Management Inc. now owns 1,050 shares of the company’s stock worth $29,000 after acquiring an additional 700 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Up 2.3 %

NYSEARCA SCHM opened at $26.21 on Friday. The firm’s 50 day moving average is $25.72 and its 200-day moving average is $27.63. The company has a market capitalization of $10.89 billion, a PE ratio of 17.99 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 12-month low of $22.41 and a 12-month high of $30.28.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were paid a $0.0776 dividend. The ex-dividend date was Wednesday, March 26th.

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.