Parsons Capital Management Inc. RI Has $513,000 Stock Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Parsons Capital Management Inc. RI increased its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 161.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,514 shares of the company’s stock after buying an additional 11,422 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Schwab U.S. Mid-Cap ETF were worth $513,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Advisory Alpha LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 195.3% in the 4th quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock valued at $158,471,000 after acquiring an additional 3,782,365 shares during the period. Legacy Wealth Management Inc lifted its stake in 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 purchasing an additional 2,804,735 shares during the last quarter. Fragasso Financial Advisors Inc grew its holdings 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 purchasing an additional 2,234,519 shares during the period. Summit Financial Strategies Inc. increased its position in Schwab U.S. Mid-Cap ETF by 194.9% during the fourth 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 stake in Schwab U.S. Mid-Cap ETF by 209.9% in the fourth 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 Up 0.3 %

SCHM opened at $29.04 on Wednesday. Schwab U.S. Mid-Cap ETF has a 12-month low of $24.54 and a 12-month high of $30.28. The business has a 50 day moving average of $28.75 and a 200-day moving average of $27.79. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.

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.