Schwab U.S. Mid-Cap ETF $SCHM Shares Purchased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 2.8% during the 4th quarter, HoldingsChannel reports. The fund owned 859,496 shares of the company’s stock after buying an additional 23,192 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $25,845,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. AlphaCore Capital LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 100.5% in the fourth quarter. AlphaCore Capital LLC now owns 38,541 shares of the company’s stock valued at $1,159,000 after acquiring an additional 19,323 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 7.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,072,838 shares of the company’s stock worth $62,950,000 after purchasing an additional 148,197 shares during the period. Flavin Financial Services Inc. raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 5.7% during the fourth quarter. Flavin Financial Services Inc. now owns 16,111 shares of the company’s stock worth $484,000 after purchasing an additional 868 shares during the period. Pinnacle Associates Ltd. raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 0.9% during the fourth quarter. Pinnacle Associates Ltd. now owns 115,535 shares of the company’s stock worth $3,474,000 after purchasing an additional 978 shares during the period. Finally, Moneywise Inc. raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 3.9% during the fourth quarter. Moneywise Inc. now owns 164,202 shares of the company’s stock worth $4,938,000 after purchasing an additional 6,168 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA:SCHM opened at $33.79 on Tuesday. The stock has a market capitalization of $14.19 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04. Schwab U.S. Mid-Cap ETF has a 1-year low of $26.45 and a 1-year high of $35.03. The company’s fifty day moving average is $32.54 and its two-hundred day moving average is $31.53.

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.