Strategic Equity Management Acquires 28,947 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Strategic Equity Management increased its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 162.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 46,801 shares of the company’s stock after purchasing an additional 28,947 shares during the period. Schwab U.S. Mid-Cap ETF accounts for approximately 0.5% of Strategic Equity Management’s holdings, making the stock its 21st largest position. Strategic Equity Management’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,297,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Advisory Alpha LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 195.3% during 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 during the period. Legacy Wealth Management Inc boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 203.9% during the fourth quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock worth $115,828,000 after acquiring an additional 2,804,735 shares during the period. Fragasso Financial Advisors Inc grew its position in shares of 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 valued at $92,695,000 after purchasing an additional 2,234,519 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 2.6% in the third quarter. HighTower Advisors LLC now owns 3,258,331 shares of the company’s stock valued at $270,683,000 after purchasing an additional 82,365 shares during the last quarter. Finally, JMG Financial Group Ltd. grew its position in shares of Schwab U.S. Mid-Cap ETF by 196.9% in the fourth quarter. JMG Financial Group Ltd. now owns 2,881,771 shares of the company’s stock valued at $79,854,000 after purchasing an additional 1,910,992 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 0.6 %

Schwab U.S. Mid-Cap ETF stock opened at $26.85 on Friday. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.64 and a 12 month high of $30.28. The stock’s 50 day moving average is $28.33 and its 200-day moving average is $28.15. The company has a market capitalization of $10.92 billion, a price-to-earnings ratio of 19.14 and a beta of 1.15.

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.