LifePlan Financial LLC Acquires 14,423 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

LifePlan Financial LLC boosted its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 183.9% during the fourth quarter, Holdings Channel reports. The fund owned 22,265 shares of the company’s stock after purchasing an additional 14,423 shares during the period. LifePlan Financial LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $617,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Fragasso Financial Advisors Inc boosted its position in shares of Schwab U.S. Mid-Cap ETF by 201.2% in the fourth quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock valued at $92,695,000 after acquiring an additional 2,234,519 shares during the period. Gemmer Asset Management LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 209.9% in the 4th quarter. Gemmer Asset Management LLC now owns 1,516,709 shares of the company’s stock valued at $42,028,000 after purchasing an additional 1,027,320 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Schwab U.S. Mid-Cap ETF by 33.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,282,373 shares of the company’s stock worth $177,692,000 after purchasing an additional 574,475 shares in the last quarter. Koshinski Asset Management Inc. increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 209.2% during the fourth quarter. Koshinski Asset Management Inc. now owns 644,951 shares of the company’s stock worth $17,872,000 after purchasing an additional 436,390 shares during the period. Finally, Salem Investment Counselors Inc. raised its position in shares of Schwab U.S. Mid-Cap ETF by 181.5% in the fourth quarter. Salem Investment Counselors Inc. now owns 674,447 shares of the company’s stock valued at $18,689,000 after buying an additional 434,867 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 0.4 %

Shares of NYSEARCA SCHM opened at $28.82 on Tuesday. The stock has a 50-day moving average price of $28.71 and a two-hundred day moving average price of $27.66. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.24 and a 12 month high of $30.28. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.

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.