May Hill Capital LLC Has $4.50 Million Position in Schwab U.S. Mid-Cap ETF $SCHM

May Hill Capital LLC raised its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 83.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 149,692 shares of the company’s stock after buying an additional 68,302 shares during the period. May Hill Capital LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $4,501,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHM. Fifth Third Bancorp acquired a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at $30,000. Accredited Wealth Management LLC increased its stake in Schwab U.S. Mid-Cap ETF by 100.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock valued at $30,000 after buying an additional 502 shares during the last quarter. Ransom Advisory Ltd acquired a new stake in Schwab U.S. Mid-Cap ETF in the 4th quarter valued at $32,000. Guerra Advisors Inc acquired a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at $33,000. Finally, International Assets Investment Management LLC acquired a new stake in Schwab U.S. Mid-Cap ETF in the 4th quarter valued at $36,000.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM opened at $33.95 on Friday. The firm has a 50-day moving average of $32.50 and a 200-day moving average of $31.50. Schwab U.S. Mid-Cap ETF has a one year low of $26.45 and a one year high of $35.03. The company has a market cap of $14.26 billion, a PE ratio of 18.83 and a beta of 1.04.

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.