Columbia River Financial Group LLC Takes Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Columbia River Financial Group LLC bought a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the fourth quarter, HoldingsChannel.com reports. The firm bought 73,469 shares of the company’s stock, valued at approximately $2,035,000. Schwab U.S. Mid-Cap ETF comprises 1.4% of Columbia River Financial Group LLC’s holdings, making the stock its 18th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. US Bancorp DE lifted its position in Schwab U.S. Mid-Cap ETF by 194.9% during the fourth quarter. US Bancorp DE now owns 45,010 shares of the company’s stock worth $1,247,000 after purchasing an additional 29,745 shares during the period. Smartleaf Asset Management LLC bought a new stake in Schwab U.S. Mid-Cap ETF during the fourth quarter worth about $83,000. Principal Securities Inc. lifted its position in Schwab U.S. Mid-Cap ETF by 177.9% during the fourth quarter. Principal Securities Inc. now owns 22,563 shares of the company’s stock worth $625,000 after purchasing an additional 14,444 shares during the period. Key Financial Inc lifted its position in Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Key Financial Inc now owns 4,839 shares of the company’s stock worth $134,000 after purchasing an additional 3,226 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in Schwab U.S. Mid-Cap ETF by 195.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 40,530 shares of the company’s stock worth $1,123,000 after purchasing an additional 26,808 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Down 0.3%

SCHM stock opened at $26.81 on Friday. The stock has a market capitalization of $11.14 billion, a P/E ratio of 19.13 and a beta of 1.08. Schwab U.S. Mid-Cap ETF has a 12 month low of $22.41 and a 12 month high of $30.28. The firm has a 50-day moving average price of $25.79 and a 200-day moving average price of $27.53.

Schwab U.S. Mid-Cap ETF Company 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.