Next Capital Management LLC Increases Stock Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Next Capital Management LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,094 shares of the company’s stock after buying an additional 5,397 shares during the period. Next Capital Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $224,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hantz Financial Services Inc. lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 1,742.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock valued at $51,000 after purchasing an additional 575 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Schwab U.S. Mid-Cap ETF in the third quarter worth about $66,000. Farmers & Merchants Investments Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock worth $26,000 after acquiring an additional 634 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock worth $27,000 after acquiring an additional 640 shares during the last quarter. Finally, Truvestments Capital LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the fourth 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.

Schwab U.S. Mid-Cap ETF Stock Down 0.8 %

SCHM stock opened at $26.44 on Wednesday. The stock has a market capitalization of $10.79 billion, a PE ratio of 18.04 and a beta of 1.16. Schwab U.S. Mid-Cap ETF has a 52 week low of $24.64 and a 52 week high of $30.28. The firm has a 50 day moving average of $28.10 and a 200 day moving average of $28.12.

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.