Alliancebernstein L.P. Acquires 32,504 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Alliancebernstein L.P. lifted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 186.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 49,945 shares of the company’s stock after purchasing an additional 32,504 shares during the period. Alliancebernstein L.P.’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in SCHM. Wilmington Savings Fund Society FSB bought a new position in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter worth $66,000. Farmers & Merchants Investments Inc. increased its stake in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock valued at $26,000 after acquiring an additional 634 shares during the last quarter. Geneos Wealth Management Inc. raised its position in 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 valued at $27,000 after purchasing an additional 640 shares in the last quarter. Truvestments Capital LLC lifted its stake in 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 worth $27,000 after purchasing an additional 656 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,029 shares of the company’s stock worth $29,000 after purchasing an additional 686 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA SCHM opened at $24.50 on Friday. The firm’s 50 day simple moving average is $26.38 and its two-hundred day simple moving average is $27.80. Schwab U.S. Mid-Cap ETF has a one year low of $22.41 and a one year high of $30.28. The stock has a market capitalization of $10.00 billion, a P/E ratio of 18.01 and a beta of 1.09.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were paid a $0.0776 dividend. The ex-dividend date was Wednesday, March 26th.

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.