Pure Financial Advisors LLC Purchases 129,284 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Pure Financial Advisors LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 183.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 199,576 shares of the company’s stock after purchasing an additional 129,284 shares during the period. Pure Financial Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $5,530,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cordant Inc. bought a new stake in Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $30,000. Archer Investment Corp boosted its holdings in Schwab U.S. Mid-Cap ETF by 1,965.0% in the third quarter. Archer Investment Corp now owns 413 shares of the company’s stock valued at $34,000 after acquiring an additional 393 shares during the last quarter. UMB Bank n.a. boosted its holdings in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. UMB Bank n.a. now owns 1,323 shares of the company’s stock valued at $37,000 after acquiring an additional 882 shares during the last quarter. Massmutual Trust Co. FSB ADV bought a new stake in Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $41,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,476 shares of the company’s stock valued at $41,000 after acquiring an additional 984 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM stock opened at $28.82 on Tuesday. The business’s 50 day simple moving average is $28.71 and its 200 day simple moving average is $27.66. Schwab U.S. Mid-Cap ETF has a one year low of $24.24 and a one year high of $30.28. The stock has a market capitalization of $4.13 billion, a PE ratio of 16.47 and a beta of 1.09.

Schwab U.S. Mid-Cap ETF 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.