Arkansas Financial Group Inc. Acquires 36,775 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Arkansas Financial Group Inc. boosted its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 199.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 55,255 shares of the company’s stock after buying an additional 36,775 shares during the quarter. Arkansas Financial Group Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,531,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SCHM. Bush Investment Group LLC raised its stake 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 buying an additional 673 shares during the period. Denver PWM LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 2.8% in 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 in the last quarter. Anchor Investment Management LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 1.6% during the third quarter. Anchor Investment Management LLC now owns 70,223 shares of the company’s stock worth $5,835,000 after purchasing an additional 1,136 shares during the period. World Investment Advisors LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 10.5% during the 3rd quarter. World Investment Advisors LLC now owns 7,893 shares of the company’s stock valued at $656,000 after purchasing an additional 747 shares in the last quarter. Finally, Synovus Financial Corp grew its position in shares of Schwab U.S. Mid-Cap ETF by 100.0% in 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 SCHM stock opened at $29.19 on Friday. Schwab U.S. Mid-Cap ETF has a 52 week low of $24.54 and a 52 week high of $30.28. The company’s 50 day moving average price is $28.71 and its two-hundred day moving average price is $27.69. The company has a market capitalization of $4.18 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.