Millennium Management LLC Invests $1.47 Million in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Millennium Management LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the fourth quarter, Holdings Channel.com reports. The fund bought 53,041 shares of the company’s stock, valued at approximately $1,470,000.

Other institutional investors also recently modified their holdings of the company. US Bancorp DE raised its position in shares of Schwab U.S. Mid-Cap ETF by 194.9% during the fourth quarter. US Bancorp DE now owns 45,010 shares of the company’s stock worth $1,247,000 after purchasing an additional 29,745 shares during the period. Smartleaf Asset Management LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth approximately $83,000. Principal Securities Inc. raised its position in shares of Schwab U.S. Mid-Cap ETF by 177.9% during the fourth quarter. Principal Securities Inc. now owns 22,563 shares of the company’s stock worth $625,000 after purchasing an additional 14,444 shares during the period. Key Financial Inc raised its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Key Financial Inc now owns 4,839 shares of the company’s stock worth $134,000 after purchasing an additional 3,226 shares during the period. Finally, Jane Street Group LLC raised its position in Schwab U.S. Mid-Cap ETF by 162.5% in the 4th quarter. Jane Street Group LLC now owns 38,205 shares of the company’s stock valued at $1,059,000 after buying an additional 23,653 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 1.1%

NYSEARCA SCHM opened at $27.36 on Wednesday. The firm has a market capitalization of $11.34 billion, a P/E ratio of 19.13 and a beta of 1.07. The business has a fifty day simple moving average of $25.83 and a 200 day simple moving average of $27.43. Schwab U.S. Mid-Cap ETF has a 12 month low of $22.41 and a 12 month high of $30.28.

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.