Sentinel Pension Advisors Inc. Boosts Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Sentinel Pension Advisors Inc. increased its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 158.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 95,028 shares of the company’s stock after purchasing an additional 58,303 shares during the period. Schwab U.S. Mid-Cap ETF makes up about 0.5% of Sentinel Pension Advisors Inc.’s investment portfolio, making the stock its 29th largest position. Sentinel Pension Advisors Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $2,633,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SCHM. Bank of New York Mellon Corp raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 53.7% during the second quarter. Bank of New York Mellon Corp now owns 5,938 shares of the company’s stock valued at $462,000 after purchasing an additional 2,074 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Schwab U.S. Mid-Cap ETF in the second quarter worth about $71,000. GHP Investment Advisors Inc. grew its position in Schwab U.S. Mid-Cap ETF by 2.0% during the second quarter. GHP Investment Advisors Inc. now owns 12,868 shares of the company’s stock valued at $1,001,000 after buying an additional 254 shares during the period. Parallel Advisors LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 6.8% during the 2nd quarter. Parallel Advisors LLC now owns 12,152 shares of the company’s stock valued at $946,000 after acquiring an additional 779 shares during the period. Finally, Thoroughbred Financial Services LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 3.1% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 12,521 shares of the company’s stock worth $974,000 after purchasing an additional 381 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 0.9 %

NYSEARCA SCHM traded up $0.24 on Monday, hitting $27.86. 1,131,549 shares of the company traded hands, compared to its average volume of 1,276,376. The business’s 50 day moving average price is $28.74 and its 200-day moving average price is $27.54. Schwab U.S. Mid-Cap ETF has a 52-week low of $24.17 and a 52-week high of $30.28. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.

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.