LPL Financial LLC Buys 1,090,600 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

LPL Financial LLC raised its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 202.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,630,257 shares of the company’s stock after buying an additional 1,090,600 shares during the period. LPL Financial LLC owned about 1.14% of Schwab U.S. Mid-Cap ETF worth $45,174,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Farmers & Merchants Investments Inc. lifted its holdings in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock valued at $26,000 after buying an additional 634 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock valued at $27,000 after purchasing an additional 640 shares in the last quarter. Truvestments Capital LLC grew its stake in Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Truvestments Capital LLC now owns 984 shares of the company’s stock worth $27,000 after purchasing an additional 656 shares during the period. Blume Capital Management Inc. lifted its stake in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Blume Capital Management Inc. now owns 1,050 shares of the company’s stock valued at $29,000 after buying an additional 700 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,029 shares of the company’s stock valued at $29,000 after buying an additional 686 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Down 0.7 %

Shares of SCHM stock opened at $26.65 on Friday. The firm has a 50 day moving average of $27.92 and a 200-day moving average of $28.11. The company has a market cap of $10.88 billion, a price-to-earnings ratio of 18.04 and a beta of 1.16. 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 Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th will be issued a $0.0776 dividend. The ex-dividend date of this dividend is Wednesday, March 26th.

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.