Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 221.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 302,569 shares of the company’s stock after buying an additional 208,497 shares during the quarter. Private Advisor Group LLC owned approximately 0.21% of Schwab U.S. Mid-Cap ETF worth $8,384,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHM. Advisory Alpha LLC grew its position in Schwab U.S. Mid-Cap ETF by 195.3% during the fourth quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock valued at $158,471,000 after buying an additional 3,782,365 shares during the period. Legacy Wealth Management Inc grew its position in shares of Schwab U.S. Mid-Cap ETF by 203.9% in the fourth quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock valued at $115,828,000 after purchasing an additional 2,804,735 shares during the period. Fragasso Financial Advisors Inc grew its position in shares of Schwab U.S. Mid-Cap ETF by 201.2% in the fourth quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock valued at $92,695,000 after purchasing an additional 2,234,519 shares during the period. Summit Financial Strategies Inc. grew its position in shares of Schwab U.S. Mid-Cap ETF by 194.9% in the fourth quarter. Summit Financial Strategies Inc. now owns 1,939,998 shares of the company’s stock valued at $53,757,000 after purchasing an additional 1,282,163 shares during the period. Finally, Gemmer Asset Management LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 209.9% in the fourth quarter. Gemmer Asset Management LLC now owns 1,516,709 shares of the company’s stock valued at $42,028,000 after purchasing an additional 1,027,320 shares during the period.

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

Shares of NYSEARCA SCHM opened at $27.98 on Friday. The company’s 50-day simple moving average is $28.49 and its 200-day simple moving average is $28.02. Schwab U.S. Mid-Cap ETF has a 52-week low of $24.64 and a 52-week high of $30.28. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.

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.