Bank of America Corp DE Raises Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Bank of America Corp DE grew its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 253.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 893,092 shares of the company’s stock after acquiring an additional 640,410 shares during the period. Bank of America Corp DE’s holdings in Schwab U.S. Mid-Cap ETF were worth $24,748,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SCHM. Farmers & Merchants Investments Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock worth $26,000 after buying an additional 634 shares during the last quarter. Oarsman Capital Inc. boosted its holdings in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Oarsman Capital Inc. now owns 933 shares of the company’s stock worth $26,000 after acquiring an additional 622 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock worth $27,000 after acquiring an additional 640 shares during the last quarter. Truvestments Capital LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Truvestments Capital LLC now owns 984 shares of the company’s stock worth $27,000 after acquiring an additional 656 shares during the last quarter. Finally, Blume Capital Management Inc. increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Blume Capital Management Inc. now owns 1,050 shares of the company’s stock valued at $29,000 after acquiring an additional 700 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM stock opened at $27.78 on Monday. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of 19.13 and a beta of 1.08. Schwab U.S. Mid-Cap ETF has a one year low of $22.41 and a one year high of $30.28. The company’s 50-day moving average is $25.69 and its 200 day moving average is $27.55.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were given a dividend of $0.0776 per share. The ex-dividend date was Wednesday, March 26th.

About Schwab U.S. Mid-Cap ETF

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.