MBE Wealth Management LLC Has $423,000 Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

MBE Wealth Management LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 196.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,268 shares of the company’s stock after buying an additional 10,111 shares during the quarter. MBE Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $423,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. grew its position in shares of 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 purchasing an additional 640 shares during the period. Cordant Inc. acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at approximately $30,000. Archer Investment Corp grew its position in shares of Schwab U.S. Mid-Cap ETF by 1,965.0% in the 3rd quarter. Archer Investment Corp now owns 413 shares of the company’s stock valued at $34,000 after purchasing an additional 393 shares during the period. UMB Bank n.a. grew its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. UMB Bank n.a. now owns 1,323 shares of the company’s stock valued at $37,000 after purchasing an additional 882 shares during the period. Finally, Massmutual Trust Co. FSB ADV acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at approximately $41,000.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM opened at $28.96 on Tuesday. The stock has a 50 day simple moving average of $28.73 and a 200 day simple moving average of $27.75. Schwab U.S. Mid-Cap ETF has a 52-week low of $24.54 and a 52-week high of $30.28. The firm has a market capitalization of $4.15 billion, a PE ratio of 16.47 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.