Steele Capital Management Inc. Makes New $3.75 Million Investment in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Steele Capital Management Inc. purchased a new position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,743 shares of the company’s stock, valued at approximately $3,747,000.

Several other large investors have also recently bought and sold shares of the company. Perigon Wealth Management LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 0.3% in the 4th quarter. Perigon Wealth Management LLC now owns 40,271 shares of the company’s stock valued at $3,033,000 after acquiring an additional 136 shares in the last quarter. Carnegie Capital Asset Management LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 2.5% during the 4th quarter. Carnegie Capital Asset Management LLC now owns 5,597 shares of the company’s stock valued at $422,000 after buying an additional 136 shares in the last quarter. Sawgrass Asset Management LLC raised its position in Schwab U.S. Mid-Cap ETF by 1.2% during the third quarter. Sawgrass Asset Management LLC now owns 12,737 shares of the company’s stock valued at $862,000 after purchasing an additional 150 shares in the last quarter. Arlington Financial Advisors LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 1.0% in the 4th quarter. Arlington Financial Advisors LLC now owns 17,480 shares of the company’s stock worth $1,317,000 after purchasing an additional 168 shares in the last quarter. Finally, Greenwood Gearhart Inc. increased its position in shares of Schwab U.S. Mid-Cap ETF by 3.6% during the 3rd quarter. Greenwood Gearhart Inc. now owns 4,951 shares of the company’s stock valued at $335,000 after purchasing an additional 170 shares during the last quarter.

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

Shares of SCHM traded up $0.56 during mid-day trading on Monday, reaching $77.89. The company’s stock had a trading volume of 214,150 shares, compared to its average volume of 316,491. The company’s fifty day moving average price is $78.50 and its two-hundred day moving average price is $73.79. Schwab U.S. Mid-Cap ETF has a 52 week low of $62.87 and a 52 week high of $81.74. The stock has a market cap of $11.14 billion, a PE ratio of 16.71 and a beta of 1.09.

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.