Captrust Financial Advisors Raises Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Captrust Financial Advisors increased its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 204.5% in the fourth quarter, HoldingsChannel reports. The firm owned 340,977 shares of the company’s stock after buying an additional 229,000 shares during the quarter. Captrust Financial Advisors’ holdings in Schwab U.S. Mid-Cap ETF were worth $9,448,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SCHM. Financial Engines Advisors L.L.C. raised its position in shares of Schwab U.S. Mid-Cap ETF by 129.1% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 59,401,539 shares of the company’s stock valued at $1,646,017,000 after buying an additional 33,472,238 shares during the last quarter. HighTower Advisors LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 209.3% in the 4th quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock valued at $279,249,000 after acquiring an additional 6,819,239 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 196.5% during the 4th quarter. Cerity Partners LLC now owns 6,714,292 shares of the company’s stock worth $186,110,000 after purchasing an additional 4,449,523 shares during the period. Advisory Alpha LLC boosted its holdings in shares of 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. Finally, Legacy Wealth Management Inc grew its position in shares of Schwab U.S. Mid-Cap ETF by 203.9% in the fourth quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock valued at $115,828,000 after purchasing an additional 2,804,735 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Up 0.5 %

NYSEARCA SCHM opened at $26.09 on Thursday. The business’s 50-day moving average price is $25.62 and its 200 day moving average price is $27.58. Schwab U.S. Mid-Cap ETF has a twelve month low of $22.41 and a twelve month high of $30.28. The company has a market capitalization of $10.84 billion, a PE ratio of 17.99 and a beta of 1.09.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were given a $0.0776 dividend. The ex-dividend date was Wednesday, March 26th.

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.