Jacobi Capital Management LLC Purchases 189,684 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Jacobi Capital Management LLC boosted its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 206.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 281,616 shares of the company’s stock after acquiring an additional 189,684 shares during the period. Jacobi Capital Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $7,804,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Advisory Alpha LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 195.3% during the 4th quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock valued at $158,471,000 after purchasing an additional 3,782,365 shares during the period. Legacy Wealth Management Inc grew its stake 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 valued at $115,828,000 after acquiring an additional 2,804,735 shares in the last quarter. Fragasso Financial Advisors Inc lifted its stake 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 worth $92,695,000 after purchasing an additional 2,234,519 shares in the last quarter. JMG Financial Group Ltd. boosted 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 during the period. Finally, Summit Financial Strategies Inc. boosted its stake in Schwab U.S. Mid-Cap ETF by 194.9% during the fourth quarter. Summit Financial Strategies Inc. now owns 1,939,998 shares of the company’s stock valued at $53,757,000 after buying an additional 1,282,163 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

Schwab U.S. Mid-Cap ETF stock opened at $27.89 on Friday. The firm’s fifty day moving average price is $28.43 and its 200-day moving average price is $28.12. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.64 and a fifty-two week high of $30.28. The stock has a market cap of $11.34 billion, a P/E ratio of 19.14 and a beta of 1.15.

Schwab U.S. Mid-Cap ETF Company Profile

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.