Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Acquired by Twele Capital Management Inc.

Twele Capital Management Inc. lifted its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 193.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,470 shares of the company’s stock after buying an additional 12,183 shares during the quarter. Twele Capital Management Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $512,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. boosted its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 26,442 shares of the company’s stock worth $733,000 after purchasing an additional 17,628 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 128.6% in the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 121,301 shares of the company’s stock valued at $3,361,000 after purchasing an additional 68,241 shares during the period. Smith Anglin Financial LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 200.9% during the fourth quarter. Smith Anglin Financial LLC now owns 55,748 shares of the company’s stock worth $1,545,000 after buying an additional 37,221 shares in the last quarter. Apella Capital LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 197.7% during the fourth quarter. Apella Capital LLC now owns 21,967 shares of the company’s stock worth $609,000 after buying an additional 14,587 shares in the last quarter. Finally, Marquette Asset Management LLC grew its position in Schwab U.S. Mid-Cap ETF by 198.9% during the fourth quarter. Marquette Asset Management LLC now owns 99,468 shares of the company’s stock worth $2,756,000 after buying an additional 66,190 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Up 1.3 %

SCHM stock opened at $28.49 on Thursday. The firm has a 50 day moving average of $28.74 and a 200-day moving average of $27.58. The company has a market cap of $4.08 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 $24.17 and a 12-month high of $30.28.

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.