Bristlecone Advisors LLC Raises Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Bristlecone Advisors LLC lifted its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 201.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,120 shares of the company’s stock after purchasing an additional 75,643 shares during the quarter. Bristlecone Advisors LLC owned approximately 0.08% of Schwab U.S. Mid-Cap ETF worth $3,135,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SCHM. Advisory Alpha LLC grew its position in shares of 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 worth $158,471,000 after acquiring an additional 3,782,365 shares during the last quarter. Legacy Wealth Management Inc boosted its stake 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 worth $115,828,000 after purchasing an additional 2,804,735 shares during the period. Fragasso Financial Advisors Inc grew its position in Schwab U.S. Mid-Cap ETF by 201.2% during the 4th quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock worth $92,695,000 after purchasing an additional 2,234,519 shares during the last quarter. Summit Financial Strategies Inc. increased its stake in Schwab U.S. Mid-Cap ETF by 194.9% in the fourth quarter. Summit Financial Strategies Inc. now owns 1,939,998 shares of the company’s stock valued at $53,757,000 after purchasing an additional 1,282,163 shares during the period. Finally, Gemmer Asset Management LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 209.9% in the fourth quarter. Gemmer Asset Management LLC now owns 1,516,709 shares of the company’s stock valued at $42,028,000 after buying an additional 1,027,320 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM opened at $28.75 on Monday. The firm has a 50-day simple moving average of $28.62 and a 200-day simple moving average of $27.89. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.64 and a fifty-two week high of $30.28.

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.