LPL Financial LLC Raises Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

LPL Financial LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 202.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,630,257 shares of the company’s stock after buying an additional 1,090,600 shares during the period. LPL Financial LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $45,174,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Natixis Advisors LLC purchased a new position in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth approximately $919,000. FMR LLC boosted its stake in Schwab U.S. Mid-Cap ETF by 18.1% during the third quarter. FMR LLC now owns 28,711 shares of the company’s stock worth $2,386,000 after buying an additional 4,407 shares during the last quarter. Peterson Wealth Management purchased a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at $201,000. Hantz Financial Services Inc. increased its stake in shares of Schwab U.S. Mid-Cap ETF by 1,742.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock worth $51,000 after acquiring an additional 575 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Schwab U.S. Mid-Cap ETF by 3.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 122,508 shares of the company’s stock valued at $10,179,000 after acquiring an additional 3,563 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 0.7 %

Shares of SCHM opened at $26.65 on Friday. The firm has a 50-day moving average price of $27.92 and a 200 day moving average price of $28.11. Schwab U.S. Mid-Cap ETF has a 12-month low of $24.64 and a 12-month high of $30.28. The firm has a market capitalization of $10.88 billion, a P/E ratio of 18.04 and a beta of 1.16.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th will be issued a dividend of $0.0776 per share. The ex-dividend date of this dividend is Wednesday, March 26th.

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.