Biltmore Family Office LLC Buys 14,670 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Biltmore Family Office LLC increased its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,005 shares of the company’s stock after acquiring an additional 14,670 shares during the period. Biltmore Family Office LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $610,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Financial Engines Advisors L.L.C. increased its stake in Schwab U.S. Mid-Cap ETF by 129.1% in 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 increased its stake in shares of Schwab U.S. Mid-Cap ETF by 209.3% in the fourth quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock worth $279,249,000 after buying an additional 6,819,239 shares during the period. Advisory Alpha LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 195.3% during the 4th 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 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 valued at $115,828,000 after buying an additional 2,804,735 shares during the period. Finally, Fragasso Financial Advisors Inc grew 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 worth $92,695,000 after acquiring an additional 2,234,519 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 1.5 %

Shares of NYSEARCA:SCHM opened at $26.70 on Thursday. The company has a 50-day moving average price of $27.70 and a 200-day moving average price of $28.12. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 18.01 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.64 and a 12 month high of $30.28.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.0776 per share. The ex-dividend date was Wednesday, March 26th.

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.