Almanack Investment Partners LLC. lifted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 379.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,088 shares of the company’s stock after purchasing an additional 19,859 shares during the period. Almanack Investment Partners LLC.’s holdings in Schwab U.S. Mid-Cap ETF were worth $695,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of SCHM. Advisory Alpha LLC raised its stake in shares of 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 buying an additional 3,782,365 shares during the period. Legacy Wealth Management Inc lifted its holdings in 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 valued at $115,828,000 after purchasing an additional 2,804,735 shares in the last quarter. Fragasso Financial Advisors Inc boosted 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 worth $92,695,000 after purchasing an additional 2,234,519 shares during the period. Summit Financial Strategies Inc. increased its stake in shares of Schwab U.S. Mid-Cap ETF by 194.9% in the fourth quarter. Summit Financial Strategies Inc. now owns 1,939,998 shares of the company’s stock worth $53,757,000 after purchasing an additional 1,282,163 shares in the last quarter. Finally, Gemmer Asset Management LLC increased its stake in shares of 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.
Schwab U.S. Mid-Cap ETF Stock Performance
SCHM opened at $28.75 on Friday. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The firm’s fifty day moving average is $28.65 and its 200 day moving average is $27.87. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.64 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.
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