New York Life Investment Management LLC Acquires New Holdings in Schwab U.S. Mid-Cap ETF $SCHM

New York Life Investment Management LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 224,611 shares of the company’s stock, valued at approximately $7,641,000. New York Life Investment Management LLC owned about 0.05% of Schwab U.S. Mid-Cap ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Legacy Wealth Management LLC lifted its position in Schwab U.S. Mid-Cap ETF by 1.0% during the third quarter. Legacy Wealth Management LLC now owns 4,330,359 shares of the company’s stock valued at $147,319,000 after purchasing an additional 43,883 shares during the last quarter. Fragasso Financial Advisors Inc increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 0.7% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 2,888,481 shares of the company’s stock worth $100,086,000 after buying an additional 20,487 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Schwab U.S. Mid-Cap ETF by 9.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,553,972 shares of the company’s stock valued at $57,157,000 after buying an additional 139,644 shares in the last quarter. Dynamic Advisor Solutions LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 5.2% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 1,198,872 shares of the company’s stock valued at $44,202,000 after buying an additional 59,632 shares in the last quarter. Finally, BLB&B Advisors LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at about $40,270,000.

Schwab U.S. Mid-Cap ETF Trading Down 1.3%

SCHM opened at $35.16 on Friday. The firm has a market cap of $14.95 billion, a P/E ratio of 19.13 and a beta of 1.05. Schwab U.S. Mid-Cap ETF has a 12 month low of $28.25 and a 12 month high of $36.92. The stock has a 50-day moving average of $34.79 and a 200 day moving average of $34.22.

Schwab U.S. Mid-Cap ETF 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.