Money Concepts Capital Corp Increases Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Money Concepts Capital Corp increased its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 191.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 298,728 shares of the company’s stock after buying an additional 196,330 shares during the period. Money Concepts Capital Corp’s holdings in Schwab U.S. Mid-Cap ETF were worth $8,278,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisory Alpha LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 195.3% during the 4th quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock worth $158,471,000 after buying an additional 3,782,365 shares during the last quarter. Legacy Wealth Management Inc raised its position in Schwab U.S. Mid-Cap ETF by 203.9% during 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 during the last quarter. Fragasso Financial Advisors Inc raised its position in Schwab U.S. Mid-Cap ETF by 201.2% during 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 during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 2.6% in the third quarter. HighTower Advisors LLC now owns 3,258,331 shares of the company’s stock valued at $270,683,000 after purchasing an additional 82,365 shares in the last quarter. Finally, Cerity Partners LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 14.6% in the third quarter. Cerity Partners LLC now owns 2,264,769 shares of the company’s stock valued at $188,180,000 after purchasing an additional 287,937 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of Schwab U.S. Mid-Cap ETF stock opened at $28.81 on Wednesday. Schwab U.S. Mid-Cap ETF has a 1 year low of $24.54 and a 1 year high of $30.28. The business has a 50 day moving average price of $28.70 and a 200 day moving average price of $27.84. The company has a market capitalization of $4.13 billion, a P/E ratio of 16.47 and a beta of 1.09.

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.