Madden Advisory Services Inc. Has $5.18 Million Stake in Schwab U.S. Mid-Cap ETF (SCHM)

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Madden Advisory Services Inc. lifted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 1.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 93,438 shares of the company’s stock after acquiring an additional 991 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises approximately 2.8% of Madden Advisory Services Inc.’s portfolio, making the stock its 8th largest position. Madden Advisory Services Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $5,175,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SCHM. Pflug Koory LLC purchased a new position in Schwab U.S. Mid-Cap ETF in the fourth quarter valued at about $33,000. Lehman & Derafelo Financial Resources LLC purchased a new position in Schwab U.S. Mid-Cap ETF in the fourth quarter valued at about $34,000. Lavaca Capital LLC purchased a new position in Schwab U.S. Mid-Cap ETF in the fourth quarter valued at about $36,000. Old North State Trust LLC purchased a new position in Schwab U.S. Mid-Cap ETF in the first quarter valued at about $37,000. Finally, Capital Investment Advisory Services LLC purchased a new position in Schwab U.S. Mid-Cap ETF in the fourth quarter valued at about $40,000.

Shares of SCHM opened at $57.17 on Wednesday. Schwab U.S. Mid-Cap ETF has a one year low of $44.97 and a one year high of $58.83.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Thursday, March 21st were issued a $0.1615 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Wednesday, March 20th.

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Want to see what other hedge funds are holding SCHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM).

Institutional Ownership by Quarter for Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

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