Pennsylvania Capital Management Inc. ADV Increases Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Pennsylvania Capital Management Inc. ADV raised its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 226.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,817 shares of the company’s stock after acquiring an additional 22,075 shares during the period. Pennsylvania Capital Management Inc. ADV’s holdings in Schwab U.S. Mid-Cap ETF were worth $882,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SCHM. Advisory Alpha LLC increased its position in 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 purchasing an additional 3,782,365 shares during the last quarter. Legacy Wealth Management Inc grew its stake in shares of Schwab U.S. Mid-Cap ETF by 203.9% in the 4th quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock valued at $115,828,000 after buying an additional 2,804,735 shares during the period. Fragasso Financial Advisors Inc increased its holdings in shares of 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 buying an additional 2,234,519 shares during the last quarter. Summit Financial Strategies Inc. increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 194.9% during the 4th quarter. Summit Financial Strategies Inc. now owns 1,939,998 shares of the company’s stock worth $53,757,000 after buying an additional 1,282,163 shares during the last quarter. Finally, Gemmer Asset Management LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 209.9% during the 4th 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 period.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM opened at $28.64 on Tuesday. The business’s 50 day moving average price is $28.73 and its 200 day moving average price is $27.83. The stock has a market capitalization of $4.11 billion, a PE ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a one year low of $24.54 and a one year 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.