Addison Advisors LLC Raises Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Addison Advisors LLC raised its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.0% in the fourth quarter, Holdings Channel reports. The fund owned 2,682 shares of the company’s stock after buying an additional 1,788 shares during the period. Addison Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $74,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Advisory Alpha LLC raised its holdings 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 worth $158,471,000 after purchasing an additional 3,782,365 shares in the last quarter. Legacy Wealth Management Inc raised its holdings in Schwab U.S. Mid-Cap ETF by 203.9% during the fourth quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock worth $115,828,000 after purchasing an additional 2,804,735 shares in the last quarter. Fragasso Financial Advisors Inc raised its holdings in Schwab U.S. Mid-Cap ETF by 201.2% during the fourth quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock worth $92,695,000 after purchasing an additional 2,234,519 shares in the last quarter. HighTower Advisors LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 2.6% during the third quarter. HighTower Advisors LLC now owns 3,258,331 shares of the company’s stock worth $270,683,000 after purchasing an additional 82,365 shares in the last quarter. Finally, JMG Financial Group Ltd. raised its holdings 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 worth $79,854,000 after purchasing an additional 1,910,992 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 0.2 %

SCHM stock opened at $27.85 on Wednesday. The company’s 50 day moving average is $28.44 and its two-hundred day moving average is $28.10. The stock has a market cap of $11.33 billion, a P/E ratio of 19.14 and a beta of 1.15. 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.