Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Acquired by Level Four Advisory Services LLC

Level Four Advisory Services LLC increased its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 18.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,162 shares of the company’s stock after purchasing an additional 2,878 shares during the quarter. Level Four Advisory Services LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $503,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Financial Engines Advisors L.L.C. grew its position in Schwab U.S. Mid-Cap ETF by 129.1% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 59,401,539 shares of the company’s stock worth $1,646,017,000 after purchasing an additional 33,472,238 shares during the period. HighTower Advisors LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 209.3% during the fourth quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock worth $279,249,000 after acquiring an additional 6,819,239 shares during the period. Advisory Alpha LLC raised its position in Schwab U.S. Mid-Cap ETF by 195.3% during the fourth quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock valued at $158,471,000 after acquiring an additional 3,782,365 shares in the last quarter. Legacy Wealth Management Inc lifted its holdings in Schwab U.S. Mid-Cap ETF by 203.9% in the fourth quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock valued at $115,828,000 after acquiring an additional 2,804,735 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Schwab U.S. Mid-Cap ETF in the 4th quarter worth approximately $67,051,000.

Schwab U.S. Mid-Cap ETF Price Performance

NYSEARCA:SCHM opened at $26.20 on Tuesday. The company has a 50 day moving average price of $27.81 and a 200-day moving average price of $28.14. Schwab U.S. Mid-Cap ETF has a 1-year low of $24.64 and a 1-year high of $30.28. The firm has a market cap of $10.69 billion, a price-to-earnings ratio of 18.01 and a beta of 1.09.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were issued a $0.0776 dividend. The ex-dividend date of this dividend was 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.