Parsons Capital Management Inc. RI Acquires 11,422 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Parsons Capital Management Inc. RI grew its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 161.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,514 shares of the company’s stock after acquiring an additional 11,422 shares during the period. Parsons Capital Management Inc. RI’s holdings in Schwab U.S. Mid-Cap ETF were worth $513,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SCHM. Bush Investment Group LLC raised its position in Schwab U.S. Mid-Cap ETF by 0.5% during the 3rd quarter. Bush Investment Group LLC now owns 128,379 shares of the company’s stock worth $10,667,000 after purchasing an additional 673 shares during the last quarter. Denver PWM LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 2.8% during the third quarter. Denver PWM LLC now owns 204,460 shares of the company’s stock worth $16,989,000 after acquiring an additional 5,553 shares during the last quarter. Anchor Investment Management LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 1.6% in the third quarter. Anchor Investment Management LLC now owns 70,223 shares of the company’s stock worth $5,835,000 after acquiring an additional 1,136 shares during the period. World Investment Advisors LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 10.5% in the third quarter. World Investment Advisors LLC now owns 7,893 shares of the company’s stock valued at $656,000 after acquiring an additional 747 shares during the last quarter. Finally, Synovus Financial Corp increased its position in Schwab U.S. Mid-Cap ETF by 100.0% during the 3rd quarter. Synovus Financial Corp now owns 15,250 shares of the company’s stock valued at $1,267,000 after purchasing an additional 7,626 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA SCHM opened at $29.04 on Wednesday. The company’s 50 day moving average price is $28.75 and its 200-day moving average price is $27.79. Schwab U.S. Mid-Cap ETF has a 52-week low of $24.54 and a 52-week high of $30.28. The company has a market capitalization of $4.16 billion, a P/E ratio of 16.47 and a beta of 1.09.

Schwab U.S. Mid-Cap ETF Company 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.