Financial Consulate Inc. Raises Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Financial Consulate Inc. boosted its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 207.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,364 shares of the company’s stock after acquiring an additional 14,404 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for about 0.2% of Financial Consulate Inc.’s investment portfolio, making the stock its 26th largest holding. Financial Consulate Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of SCHM. Advisory Alpha LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 195.3% during the 4th quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock valued at $158,471,000 after acquiring 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% in 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 period. Fragasso Financial Advisors Inc lifted its holdings in 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 worth $92,695,000 after buying an additional 2,234,519 shares during the period. Summit Financial Strategies Inc. lifted its holdings in Schwab U.S. Mid-Cap ETF by 194.9% in the 4th quarter. Summit Financial Strategies Inc. now owns 1,939,998 shares of the company’s stock worth $53,757,000 after buying an additional 1,282,163 shares during the period. Finally, Gemmer Asset Management LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 209.9% in the 4th quarter. Gemmer Asset Management LLC now owns 1,516,709 shares of the company’s stock worth $42,028,000 after acquiring an additional 1,027,320 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA:SCHM opened at $29.07 on Wednesday. Schwab U.S. Mid-Cap ETF has a 52-week low of $24.64 and a 52-week high of $30.28. The firm has a market capitalization of $4.17 billion, a P/E ratio of 16.47 and a beta of 1.09. The stock has a 50 day moving average price of $28.50 and a 200-day moving average price of $27.99.

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.