TMB Capital Partners LLC Takes $4.75 Million Position in Schwab U.S. Mid-Cap ETF $SCHM

TMB Capital Partners LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 157,852 shares of the company’s stock, valued at approximately $4,747,000. Schwab U.S. Mid-Cap ETF accounts for about 1.6% of TMB Capital Partners LLC’s holdings, making the stock its 13th largest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SCHM. Valpey Financial Services LLC lifted its position in Schwab U.S. Mid-Cap ETF by 2,876.4% during the 4th quarter. Valpey Financial Services LLC now owns 4,224,671 shares of the company’s stock worth $140,495,000 after acquiring an additional 4,082,734 shares during the period. Financial Planning Navigators CORP acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at approximately $22,267,000. Moneta Group Investment Advisors LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 6.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock valued at $320,830,000 after purchasing an additional 648,134 shares during the period. Corient Private Wealth LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 97.8% during the second quarter. Corient Private Wealth LLC now owns 1,289,510 shares of the company’s stock worth $36,187,000 after purchasing an additional 637,571 shares during the last quarter. Finally, Advisory Alpha LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 6.8% during the third quarter. Advisory Alpha LLC now owns 8,942,309 shares of the company’s stock worth $267,436,000 after purchasing an additional 568,609 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA SCHM opened at $36.09 on Friday. The stock has a fifty day moving average price of $34.42 and a 200 day moving average price of $32.49. Schwab U.S. Mid-Cap ETF has a 1-year low of $27.10 and a 1-year high of $36.65. The company has a market cap of $15.16 billion, a PE ratio of 18.83 and a beta of 1.04.

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.