Souders Financial Advisors Boosts Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Souders Financial Advisors lifted its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 198.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 136,195 shares of the company’s stock after acquiring an additional 90,566 shares during the quarter. Souders Financial Advisors’ holdings in Schwab U.S. Mid-Cap ETF were worth $3,774,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHM. Advisory Alpha LLC lifted its position in Schwab U.S. Mid-Cap ETF by 195.3% in the fourth quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock valued at $158,471,000 after buying an additional 3,782,365 shares during the last quarter. Legacy Wealth Management Inc boosted its position in shares of Schwab U.S. Mid-Cap ETF by 203.9% during the 4th quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock worth $115,828,000 after purchasing an additional 2,804,735 shares during the period. Fragasso Financial Advisors Inc increased its holdings in Schwab U.S. Mid-Cap ETF by 201.2% in the 4th quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock valued at $92,695,000 after purchasing an additional 2,234,519 shares during the last quarter. HighTower Advisors LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 2.6% in the 3rd quarter. HighTower Advisors LLC now owns 3,258,331 shares of the company’s stock valued at $270,683,000 after purchasing an additional 82,365 shares during the last quarter. Finally, JMG Financial Group Ltd. raised its position in Schwab U.S. Mid-Cap ETF by 196.9% in the fourth quarter. JMG Financial Group Ltd. now owns 2,881,771 shares of the company’s stock valued at $79,854,000 after purchasing an additional 1,910,992 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Down 1.5 %

SCHM opened at $26.84 on Wednesday. Schwab U.S. Mid-Cap ETF has a 52 week low of $24.64 and a 52 week high of $30.28. The business has a fifty day simple moving average of $28.40 and a 200-day simple moving average of $28.16. The firm has a market cap of $10.91 billion, a P/E ratio of 19.14 and a beta of 1.15.

About Schwab U.S. Mid-Cap ETF

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.