Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Purchased by Gemmer Asset Management LLC

Gemmer Asset Management LLC raised its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 209.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,516,709 shares of the company’s stock after acquiring an additional 1,027,320 shares during the period. Schwab U.S. Mid-Cap ETF makes up 4.2% of Gemmer Asset Management LLC’s portfolio, making the stock its 6th biggest holding. Gemmer Asset Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $42,028,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Fragasso Financial Advisors Inc increased 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 period. HighTower Advisors LLC grew its position in Schwab U.S. Mid-Cap ETF by 2.6% in the 3rd quarter. HighTower Advisors LLC now owns 3,258,331 shares of the company’s stock worth $270,683,000 after purchasing an additional 82,365 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 33.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,282,373 shares of the company’s stock worth $177,692,000 after purchasing an additional 574,475 shares during the period. Cerity Partners LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 14.6% during the third quarter. Cerity Partners LLC now owns 2,264,769 shares of the company’s stock valued at $188,180,000 after buying an additional 287,937 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,066,258 shares of the company’s stock valued at $57,256,000 after buying an additional 23,876 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Up 0.4 %

SCHM stock opened at $28.82 on Monday. The business’s 50-day simple moving average is $28.72 and its 200 day simple moving average is $27.63. The company has a market cap of $4.13 billion, a PE ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.24 and a twelve 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.