Financial Planning Navigators CORP Invests $22.27 Million in Schwab U.S. Mid-Cap ETF $SCHM

Financial Planning Navigators CORP bought a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 740,491 shares of the company’s stock, valued at approximately $22,267,000. Schwab U.S. Mid-Cap ETF accounts for about 10.2% of Financial Planning Navigators CORP’s investment portfolio, making the stock its 3rd biggest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Genesee Capital Advisors LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 96.0% during the fourth quarter. Genesee Capital Advisors LLC now owns 16,381 shares of the company’s stock valued at $493,000 after acquiring an additional 8,024 shares in the last quarter. Values Added Financial LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 0.7% in the fourth quarter. Values Added Financial LLC now owns 88,169 shares of the company’s stock worth $2,651,000 after acquiring an additional 643 shares in the last quarter. Dorato Capital Management purchased a new position in Schwab U.S. Mid-Cap ETF in the fourth quarter valued at about $2,361,000. YHB Investment Advisors Inc. boosted its holdings in Schwab U.S. Mid-Cap ETF by 2.5% in the fourth quarter. YHB Investment Advisors Inc. now owns 26,935 shares of the company’s stock valued at $810,000 after purchasing an additional 648 shares during the last quarter. Finally, Selective Wealth Management Inc. grew its stake in Schwab U.S. Mid-Cap ETF by 8.5% during the 4th quarter. Selective Wealth Management Inc. now owns 13,132 shares of the company’s stock valued at $423,000 after purchasing an additional 1,024 shares in the last quarter.

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

SCHM stock opened at $31.39 on Friday. Schwab U.S. Mid-Cap ETF has a 52-week low of $22.41 and a 52-week high of $33.18. The stock’s 50 day moving average is $31.89 and its two-hundred day moving average is $30.73. The company has a market capitalization of $12.85 billion, a PE ratio of 18.83 and a beta of 1.08.

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.