Sigma Investment Counselors Inc. Increases Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Sigma Investment Counselors Inc. increased its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 198.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,829 shares of the company’s stock after buying an additional 27,134 shares during the period. Sigma Investment Counselors Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisory Alpha LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 195.3% in the fourth quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock valued at $158,471,000 after acquiring an additional 3,782,365 shares in the last quarter. Legacy Wealth Management Inc lifted its holdings in Schwab U.S. Mid-Cap ETF by 203.9% in the 4th 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 in the last quarter. Fragasso Financial Advisors Inc lifted its holdings in Schwab U.S. Mid-Cap ETF by 201.2% in the 4th 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 in the last quarter. HighTower Advisors LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 2.6% in the 3rd quarter. HighTower Advisors LLC now owns 3,258,331 shares of the company’s stock valued at $270,683,000 after purchasing an additional 82,365 shares in the last quarter. Finally, JMG Financial Group Ltd. lifted its holdings in Schwab U.S. Mid-Cap ETF by 196.9% in the 4th 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.

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

NYSEARCA:SCHM opened at $27.98 on Friday. The company’s 50-day moving average price is $28.46 and its 200-day moving average price is $28.04. The company 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.