Planning Alternatives Ltd. ADV Boosts Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Planning Alternatives Ltd. ADV grew its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 196.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,664 shares of the company’s stock after buying an additional 17,011 shares during the quarter. Planning Alternatives Ltd. ADV’s holdings in Schwab U.S. Mid-Cap ETF were worth $711,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bush Investment Group LLC raised its position in Schwab U.S. Mid-Cap ETF by 0.5% in 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 period. Denver PWM LLC raised its position in 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 worth $16,989,000 after purchasing an additional 5,553 shares during the period. Anchor Investment Management LLC raised its position in 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 worth $5,835,000 after purchasing an additional 1,136 shares during the period. World Investment Advisors LLC raised its position in 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 worth $656,000 after purchasing an additional 747 shares during the period. Finally, Synovus Financial Corp raised its position in 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 worth $1,267,000 after purchasing an additional 7,626 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Down 2.3 %

Shares of NYSEARCA:SCHM opened at $27.26 on Tuesday. The stock has a market cap of $11.09 billion, a PE ratio of 19.14 and a beta of 1.15. The company’s fifty day moving average is $28.42 and its 200 day moving average is $28.16. Schwab U.S. Mid-Cap ETF has a 52 week low of $24.64 and a 52 week high of $30.28.

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.