Raymond James Financial Inc. Makes New $67.05 Million Investment in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Raymond James Financial Inc. purchased a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,419,749 shares of the company’s stock, valued at approximately $67,051,000. Raymond James Financial Inc. owned about 1.69% of Schwab U.S. Mid-Cap ETF as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Bush Investment Group LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 0.5% during the 3rd quarter. Bush Investment Group LLC now owns 128,379 shares of the company’s stock worth $10,667,000 after purchasing an additional 673 shares during the last quarter. Denver PWM LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 2.8% in the 3rd quarter. Denver PWM LLC now owns 204,460 shares of the company’s stock valued at $16,989,000 after acquiring an additional 5,553 shares in the last quarter. Anchor Investment Management LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 1.6% in the 3rd quarter. Anchor Investment Management LLC now owns 70,223 shares of the company’s stock valued at $5,835,000 after acquiring an additional 1,136 shares in the last quarter. World Investment Advisors LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 10.5% in the 3rd quarter. World Investment Advisors LLC now owns 7,893 shares of the company’s stock valued at $656,000 after acquiring an additional 747 shares in the last quarter. Finally, Synovus Financial Corp increased its stake in shares of Schwab U.S. Mid-Cap ETF by 100.0% in the 3rd quarter. Synovus Financial Corp now owns 15,250 shares of the company’s stock valued at $1,267,000 after acquiring an additional 7,626 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Down 2.4 %

NYSEARCA:SCHM opened at $26.21 on Tuesday. The company has a fifty day moving average of $28.30 and a 200-day moving average of $28.16. The firm has a market capitalization of $10.66 billion, a P/E ratio of 19.14 and a beta of 1.15. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.64 and a twelve month high of $30.28.

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.