Madison Park Capital Advisors LLC Acquires 46,133 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Madison Park Capital Advisors LLC boosted its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 195.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 69,738 shares of the company’s stock after purchasing an additional 46,133 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises 1.5% of Madison Park Capital Advisors LLC’s holdings, making the stock its 18th largest holding. Madison Park Capital Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,932,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SCHM. Advisory Alpha LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 195.3% in the fourth quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock worth $158,471,000 after purchasing an additional 3,782,365 shares in the last quarter. Fragasso Financial Advisors Inc increased its holdings in Schwab U.S. Mid-Cap ETF by 201.2% in the fourth 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. Gemmer Asset Management LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 209.9% in the fourth quarter. Gemmer Asset Management LLC now owns 1,516,709 shares of the company’s stock worth $42,028,000 after purchasing an additional 1,027,320 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Schwab U.S. Mid-Cap ETF by 33.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,282,373 shares of the company’s stock worth $177,692,000 after purchasing an additional 574,475 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its holdings in Schwab U.S. Mid-Cap ETF by 209.2% in the fourth quarter. Koshinski Asset Management Inc. now owns 644,951 shares of the company’s stock worth $17,872,000 after purchasing an additional 436,390 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM stock opened at $29.24 on Wednesday. The company has a market cap of $4.19 billion, a P/E ratio of 16.47 and a beta of 1.09. The stock has a 50 day simple moving average of $28.71 and a two-hundred day simple moving average of $27.66. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.54 and a fifty-two week high of $30.28.

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.