Sherman Asset Management Inc. Purchases Shares of 16,362 Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Sherman Asset Management Inc. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 16,362 shares of the company’s stock, valued at approximately $453,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. First Trust Direct Indexing L.P. bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter worth about $375,000. Campbell Wealth Management bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter worth about $24,509,000. Chicago Partners Investment Group LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 217.7% in the third quarter. Chicago Partners Investment Group LLC now owns 615,663 shares of the company’s stock worth $51,155,000 after purchasing an additional 421,888 shares during the last quarter. James Investment Research Inc. bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter worth about $314,000. Finally, Sage Financial Group Inc. grew its position in Schwab U.S. Mid-Cap ETF by 1.2% in the third quarter. Sage Financial Group Inc. now owns 276,182 shares of the company’s stock worth $22,948,000 after acquiring an additional 3,144 shares in the last quarter.

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

SCHM opened at $27.89 on Friday. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.64 and a 12 month high of $30.28. The stock has a 50-day moving average of $28.43 and a 200 day moving average of $28.14. The firm has a market cap of $11.34 billion, a P/E ratio of 19.14 and a beta of 1.15.

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.