Valmark Advisers Inc. Purchases 140,785 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Valmark Advisers Inc. boosted its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 199.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,395 shares of the company’s stock after buying an additional 140,785 shares during the period. Valmark Advisers Inc. owned approximately 0.15% of Schwab U.S. Mid-Cap ETF worth $5,858,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. L.M. Kohn & Company bought a new stake in Schwab U.S. Mid-Cap ETF in the 4th quarter valued at about $200,000. Csenge Advisory Group increased its position in Schwab U.S. Mid-Cap ETF by 18.3% in the 4th quarter. Csenge Advisory Group now owns 42,657 shares of the company’s stock valued at $1,182,000 after buying an additional 6,611 shares in the last quarter. Palouse Capital Management Inc. boosted its stake in Schwab U.S. Mid-Cap ETF by 238.8% during the 4th quarter. Palouse Capital Management Inc. now owns 2,168 shares of the company’s stock valued at $60,000 after purchasing an additional 1,528 shares during the last quarter. James Investment Research Inc. boosted its stake in Schwab U.S. Mid-Cap ETF by 271.3% during the 4th quarter. James Investment Research Inc. now owns 14,054 shares of the company’s stock valued at $389,000 after purchasing an additional 10,269 shares during the last quarter. Finally, Game Plan Financial Advisors LLC boosted its stake in Schwab U.S. Mid-Cap ETF by 222.5% during the 4th quarter. Game Plan Financial Advisors LLC now owns 176,976 shares of the company’s stock valued at $4,904,000 after purchasing an additional 122,096 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM stock opened at $28.89 on Friday. The company has a market capitalization of $4.14 billion, a P/E ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 52-week low of $24.64 and a 52-week high of $30.28. The business has a 50-day simple moving average of $28.52 and a two-hundred day simple moving average of $27.97.

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.