Lindenwold Advisors INC Purchases Shares of 19,845 Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Lindenwold Advisors INC purchased a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 19,845 shares of the company’s stock, valued at approximately $550,000.

A number of other hedge funds have also recently made changes to their positions in SCHM. HighTower Advisors LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 209.3% during the fourth quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock worth $279,249,000 after purchasing an additional 6,819,239 shares during the last quarter. Advisory Alpha LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 195.3% during the fourth quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock worth $158,471,000 after purchasing an additional 3,782,365 shares during the last quarter. Legacy Wealth Management Inc boosted 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 worth $115,828,000 after purchasing an additional 2,804,735 shares during the last quarter. Fragasso Financial Advisors Inc boosted its holdings in Schwab U.S. Mid-Cap ETF by 201.2% during 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 last quarter. Finally, JMG Financial Group Ltd. raised its position in shares of Schwab U.S. Mid-Cap ETF by 196.9% in the fourth quarter. JMG Financial Group Ltd. now owns 2,881,771 shares of the company’s stock valued at $79,854,000 after purchasing an additional 1,910,992 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Down 0.8 %

NYSEARCA SCHM opened at $26.44 on Wednesday. The company’s 50 day moving average is $28.10 and its 200-day moving average is $28.12. Schwab U.S. Mid-Cap ETF has a 12-month low of $24.64 and a 12-month high of $30.28. The firm has a market cap of $10.79 billion, a P/E ratio of 18.04 and a beta of 1.16.

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.