Schaeffer Financial LLC Increases Stock Holdings in Schwab U.S. Mid-Cap ETF $SCHM

Schaeffer Financial LLC boosted its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 8.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 262,984 shares of the company’s stock after acquiring an additional 19,765 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for about 7.1% of Schaeffer Financial LLC’s holdings, making the stock its 6th biggest position. Schaeffer Financial LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $7,795,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Creative Planning raised its stake in Schwab U.S. Mid-Cap ETF by 2.4% in the 2nd quarter. Creative Planning now owns 29,603,590 shares of the company’s stock valued at $830,381,000 after acquiring an additional 684,597 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 25.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,272,223 shares of the company’s stock valued at $288,136,000 after purchasing an additional 2,070,689 shares during the period. Advisory Alpha LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 14.7% during the 2nd quarter. Advisory Alpha LLC now owns 8,373,700 shares of the company’s stock valued at $234,882,000 after purchasing an additional 1,072,948 shares in the last quarter. Legacy Wealth Management Inc grew its position in shares of Schwab U.S. Mid-Cap ETF by 0.5% in the 3rd quarter. Legacy Wealth Management Inc now owns 4,204,735 shares of the company’s stock worth $124,628,000 after buying an additional 22,803 shares during the period. Finally, Fragasso Financial Advisors Inc grew its holdings in Schwab U.S. Mid-Cap ETF by 0.7% in the third quarter. Fragasso Financial Advisors Inc now owns 2,928,064 shares of the company’s stock worth $87,959,000 after purchasing an additional 19,484 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM opened at $31.90 on Friday. The firm has a market cap of $13.06 billion, a PE ratio of 18.83 and a beta of 1.08. Schwab U.S. Mid-Cap ETF has a 1 year low of $22.41 and a 1 year high of $32.60. The stock has a 50-day moving average price of $30.82 and a 200-day moving average price of $29.84.

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.