Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Stock Position Lifted by IFP Advisors Inc

IFP Advisors Inc boosted its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 203.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 769,708 shares of the company’s stock after purchasing an additional 516,329 shares during the period. Schwab U.S. Mid-Cap ETF comprises approximately 0.7% of IFP Advisors Inc’s holdings, making the stock its 20th largest position. IFP Advisors Inc owned approximately 0.54% of Schwab U.S. Mid-Cap ETF worth $21,328,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Advisory Alpha LLC grew its position in Schwab U.S. Mid-Cap ETF by 195.3% in 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 in the last quarter. Legacy Wealth Management Inc grew its position in Schwab U.S. Mid-Cap ETF by 203.9% in the fourth quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock worth $115,828,000 after acquiring an additional 2,804,735 shares in the last quarter. Fragasso Financial Advisors Inc grew its position in Schwab U.S. Mid-Cap ETF by 201.2% in the fourth quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock worth $92,695,000 after acquiring an additional 2,234,519 shares in the last quarter. JMG Financial Group Ltd. grew its position in Schwab U.S. Mid-Cap ETF by 196.9% in the fourth quarter. JMG Financial Group Ltd. now owns 2,881,771 shares of the company’s stock worth $79,854,000 after acquiring an additional 1,910,992 shares in the last quarter. Finally, Summit Financial Strategies Inc. grew its position 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 worth $53,757,000 after acquiring an additional 1,282,163 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Down 2.5 %

SCHM stock opened at $27.98 on Monday. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.64 and a 12 month high of $30.28. The firm has a 50 day moving average of $28.46 and a two-hundred day moving average of $28.08.

Schwab U.S. Mid-Cap ETF Company 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.