Fragasso Financial Advisors Inc Has $92.70 Million Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Fragasso Financial Advisors Inc increased its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 201.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,345,175 shares of the company’s stock after acquiring an additional 2,234,519 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises 7.1% of Fragasso Financial Advisors Inc’s portfolio, making the stock its 2nd biggest holding. Fragasso Financial Advisors Inc’s holdings in Schwab U.S. Mid-Cap ETF were worth $92,695,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cordant Inc. acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter worth approximately $30,000. Archer Investment Corp boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 1,965.0% in the third quarter. Archer Investment Corp now owns 413 shares of the company’s stock valued at $34,000 after buying an additional 393 shares during the period. Massmutual Trust Co. FSB ADV acquired a new stake in Schwab U.S. Mid-Cap ETF during the third quarter worth approximately $41,000. Hantz Financial Services Inc. increased its stake in Schwab U.S. Mid-Cap ETF by 1,742.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock worth $51,000 after acquiring an additional 575 shares during the period. Finally, Lowe Wealth Advisors LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Lowe Wealth Advisors LLC now owns 2,124 shares of the company’s stock valued at $59,000 after acquiring an additional 1,416 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA SCHM traded up $0.10 during mid-day trading on Monday, reaching $27.72. The company had a trading volume of 662,832 shares, compared to its average volume of 1,205,117. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The business’s 50-day simple moving average is $28.74 and its 200 day simple moving average is $27.54. Schwab U.S. Mid-Cap ETF has a one year low of $24.17 and a one year high of $30.28.

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.