Schaeffer Financial LLC Has $8.94 Million Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Schaeffer Financial LLC raised its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 204.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 322,719 shares of the company’s stock after purchasing an additional 216,789 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for 8.9% of Schaeffer Financial LLC’s investment portfolio, making the stock its 6th largest position. Schaeffer Financial LLC owned approximately 0.23% of Schwab U.S. Mid-Cap ETF worth $8,943,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Advisory Alpha LLC lifted its position in shares of 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 buying an additional 3,782,365 shares during the last quarter. Legacy Wealth Management Inc lifted its position in shares of 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 valued at $115,828,000 after buying an additional 2,804,735 shares during the last quarter. Fragasso Financial Advisors Inc lifted its position in shares of Schwab U.S. Mid-Cap ETF by 201.2% during the 4th quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock valued at $92,695,000 after buying an additional 2,234,519 shares during the last quarter. Summit Financial Strategies Inc. lifted its position in shares of Schwab U.S. Mid-Cap ETF by 194.9% during the 4th quarter. Summit Financial Strategies Inc. now owns 1,939,998 shares of the company’s stock valued at $53,757,000 after buying an additional 1,282,163 shares during the last quarter. Finally, Gemmer Asset Management LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 209.9% during the 4th quarter. Gemmer Asset Management LLC now owns 1,516,709 shares of the company’s stock valued at $42,028,000 after buying an additional 1,027,320 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA SCHM opened at $28.69 on Friday. Schwab U.S. Mid-Cap ETF has a one year low of $24.64 and a one year high of $30.28. The business’s fifty day moving average price is $28.49 and its 200-day moving average price is $28.02. The stock has a market capitalization of $4.11 billion, a PE ratio of 16.47 and a beta of 1.09.

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.