Sequoia Financial Advisors LLC Increases Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Sequoia Financial Advisors LLC increased its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 220.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,060 shares of the company’s stock after buying an additional 58,532 shares during the period. Sequoia Financial Advisors LLC owned about 0.06% of Schwab U.S. Mid-Cap ETF worth $2,357,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Empower Advisory Group LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 20.9% in the third quarter. Empower Advisory Group LLC now owns 3,302 shares of the company’s stock worth $274,000 after acquiring an additional 570 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 4.4% during the third quarter. Signature Estate & Investment Advisors LLC now owns 20,477 shares of the company’s stock worth $1,701,000 after purchasing an additional 865 shares during the period. Archer Investment Corp lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 1,965.0% during the third quarter. Archer Investment Corp now owns 413 shares of the company’s stock worth $34,000 after purchasing an additional 393 shares during the period. Nicollet Investment Management Inc. lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 3.1% during the third quarter. Nicollet Investment Management Inc. now owns 41,162 shares of the company’s stock worth $3,420,000 after purchasing an additional 1,254 shares during the period. Finally, Squire Investment Management Company LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 18.9% during the third quarter. Squire Investment Management Company LLC now owns 9,291 shares of the company’s stock worth $772,000 after purchasing an additional 1,479 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Up 2.6 %

Schwab U.S. Mid-Cap ETF stock opened at $26.25 on Friday. Schwab U.S. Mid-Cap ETF has a 52 week low of $24.64 and a 52 week high of $30.28. The company has a market capitalization of $10.71 billion, a price-to-earnings ratio of 18.04 and a beta of 1.16. The stock has a 50-day moving average price of $28.16 and a 200 day moving average price of $28.11.

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.