Focus Financial Network Inc. Increases Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Focus Financial Network Inc. boosted its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 170.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 451,341 shares of the company’s stock after acquiring an additional 284,718 shares during the quarter. Focus Financial Network Inc. owned 0.31% of Schwab U.S. Mid-Cap ETF worth $12,507,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Advisory Alpha LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 195.3% in the 4th quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock valued at $158,471,000 after purchasing an additional 3,782,365 shares in the last quarter. Legacy Wealth Management Inc lifted its holdings in Schwab U.S. Mid-Cap ETF by 203.9% during the 4th quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock worth $115,828,000 after buying an additional 2,804,735 shares during the last quarter. Fragasso Financial Advisors Inc increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 201.2% in the 4th quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock valued at $92,695,000 after acquiring an additional 2,234,519 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 2.6% during the 3rd quarter. HighTower Advisors LLC now owns 3,258,331 shares of the company’s stock worth $270,683,000 after acquiring an additional 82,365 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 14.6% during the third quarter. Cerity Partners LLC now owns 2,264,769 shares of the company’s stock worth $188,180,000 after purchasing an additional 287,937 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 0.2 %

SCHM stock opened at $28.81 on Tuesday. The company’s 50 day moving average is $28.62 and its two-hundred day moving average is $27.90. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.64 and a twelve month high of $30.28. The stock has a market cap of $4.13 billion, a P/E ratio of 16.47 and a beta of 1.09.

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.