Commonwealth Equity Services LLC Increases Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Commonwealth Equity Services LLC lifted its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 213.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 668,506 shares of the company’s stock after acquiring an additional 455,246 shares during the quarter. Commonwealth Equity Services LLC owned 0.47% of Schwab U.S. Mid-Cap ETF worth $18,524,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SCHM. Farmers & Merchants Investments Inc. boosted its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock valued at $26,000 after buying an additional 634 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock valued at $27,000 after acquiring an additional 640 shares during the period. Truvestments Capital LLC grew its position in Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Truvestments Capital LLC now owns 984 shares of the company’s stock valued at $27,000 after acquiring an additional 656 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,029 shares of the company’s stock worth $29,000 after purchasing an additional 686 shares during the period. Finally, Cordant Inc. increased its stake in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Cordant Inc. now owns 1,089 shares of the company’s stock worth $30,000 after purchasing an additional 726 shares during the period.

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

Shares of SCHM opened at $26.25 on Monday. The firm has a fifty day moving average price of $28.16 and a 200-day moving average price of $28.13. The firm has a market capitalization of $10.71 billion, a P/E ratio of 18.04 and a beta of 1.16. Schwab U.S. Mid-Cap ETF has a 12-month low of $24.64 and a 12-month 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.