LifeSteps Financial Inc. Boosts Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

LifeSteps Financial Inc. boosted its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 199.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,023 shares of the company’s stock after buying an additional 47,297 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up about 1.5% of LifeSteps Financial Inc.’s investment portfolio, making the stock its 17th largest holding. LifeSteps Financial Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,968,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SCHM. Waterfront Wealth Inc. grew its position in shares of Schwab U.S. Mid-Cap ETF by 0.7% during the 4th quarter. Waterfront Wealth Inc. now owns 65,765 shares of the company’s stock valued at $1,822,000 after acquiring an additional 461 shares during the period. JMG Financial Group Ltd. lifted its position in Schwab U.S. Mid-Cap ETF by 196.9% during the fourth quarter. JMG Financial Group Ltd. now owns 2,881,771 shares of the company’s stock valued at $79,854,000 after purchasing an additional 1,910,992 shares in the last quarter. Trinity Legacy Partners LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 2.7% during the fourth quarter. Trinity Legacy Partners LLC now owns 448,665 shares of the company’s stock valued at $12,433,000 after purchasing an additional 11,959 shares during the period. Schaeffer Financial LLC increased its position in Schwab U.S. Mid-Cap ETF by 204.7% in the fourth quarter. Schaeffer Financial LLC now owns 322,719 shares of the company’s stock worth $8,943,000 after buying an additional 216,789 shares in the last quarter. Finally, One Day In July LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. One Day In July LLC now owns 7,875 shares of the company’s stock worth $218,000 after buying an additional 5,250 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Down 2.5 %

SCHM stock opened at $27.98 on Friday. The business’s 50-day moving average price is $28.49 and its 200-day moving average price is $28.02. The stock has a market cap of $4.01 billion, a P/E ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.64 and a twelve month high of $30.28.

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.